In February 2022, consumer prices in Germany, calculated according to national standards, rose by 5.1% compared to the same month in 2021, after rising by 4.9% a month earlier, final data from the country’s Federal Statistical Office (Destatis) showed. Relative to the previous month, prices increased by 0.9%.

The dynamics of indicators coincided with the previously announced data.

Prices for food and non-alcoholic beverages in Germany last month in annualized terms rose by 5.1% and by 0.9% for the month. Services became more expensive by 2.8% year-over-year and 0.5% month-over-month. Household energy prices rose 20.8% and 2.7%, respectively. Clothing and footwear prices decreased 1.1% year-over-year and increased 0.3% month-over-month.

Consumer prices in Germany, harmonized with EU standards, rose by 5.5% in February in annual terms. Inflation in monthly terms amounted to 0.9%. The dynamics of indicators also coincided with the previously announced data and the average forecasts of analysts surveyed by Trading Economics. In January, consumer prices in Germany rose by 5.1% in annualized and 0.9% in monthly terms.