German inflation stays unchanged at hotter-than-expected 2.8% in February

German annual inflation remained unchanged but higher than expected at 2.8% in February, compared to economists’ 2.7% estimate, with monthly harmonized inflation rising 0.6%. Core inflation excluding food and energy costs decreased to 2.6%, while services inflation eased to 3.8%, leading to expectations of a 25-basis-point rate cut by the European Central Bank. The data comes following the German election, where conservative candidate Friedrich Merz proposed economic policies aimed at boosting the country’s struggling economy.

Full Article