Inflation at a two-and-a-half-year low - ECB target is getting closer and closer. Cheaper energy and barely rising food prices are pushing inflation in Germany to its lowest level since June 2021.
Consumer prices only rose by 2.5 percent in February compared to the same month last year, after 2.9 percent in January. Core inflation – which excludes often fluctuating energy and food prices – remained at 3.4 percent. The European Central Bank (ECB) is aiming for an inflation rate of two percent as the ideal value for the euro zone.