Information of Germany, February 2025.

The annual German language inflation came unchanged but higher than 2.8% expected in February, the preliminary data of the Destatis statistics on Friday showed.

The print is harmonized throughout the euro area for comparability.

February printing is compared to 2.7% of the economists surveyed by Reuters. A January The harmonized annual reading of inflation has also been 2.8%, which has not changed since December.

Monthly, harmonized inflation increased by 0.6%, according to previous Destatis data.

The so -called main inflation, which deprives food and energy costs, was 2.6%, which is compared to 2.9% of January.

On Friday, the Deutsche Bank Research Sebastian Economist described reading the lower basic inflation as positive and noted that the print will fall because the wage growth will facilitate and the wider economy remains muted.

Carefully watching how the services on inflation also mitigated, in February amounted to 3.8%, after reaching 4% in the previous month.

Despite the decrease, reading the services was a “drop of bitterness” in Friday’s data, as the fall was less than supposed to, Beker said, according to CNBC translation.

In September last year, the inflation of the German language fell below 2% of the European Central Bank’s target, but after five consecutive months remained higher and remained above the decisive mark.

German data comes ahead of the consumer price index in the euro area on Monday and the last decision of the ECB later next week. The Central Bank in January reduces interest rates for the fifth time, starting with the relief of the monetary policy last summer, and the markets are widely priced in another Thursday.

Inflation data from Germany, as well as in other eurozone countries, probably “secured” the chances of reducing the 25-base point from the ECB next week Karsten Brzesk, head of World Macro to Ing, Friday.

“However, the main issue will be what is for the ECB,” he said, noting that some members of the politicians began to resist the further reduction of the rate. All eyes will be on the formulation of the statement after the information, in particular, whether the ECB decided to refuse or set up a “restrictive” label from a description of monetary policy, explained BRZES.

Friday’s numbers are also one of the first key data to be published since time German elections Last weekend, in which the conservative union between the Christian Democratic Union and the Christian Social Union provided the largest share of votes.

This puts their leading candidate Friedrich Merz In the queue to take over the post of Chancellor Olaf Scholtz, though it is likely that the CDU-CSU forms a ruling coalition with the Social Democratic Party of Scholz.

The economy was a passionate topic during the agitation, and Mertz suggested that his political plans – including income and reduction in corporation, less bureaucracy, changes in social benefits and de -deregulation – will give the country the necessary incentive. According to Destatis, in the last quarter of 2024 in the last quarter of 2024, in the last quarter of 2024, in the last quarter of 2024, 0.2% decreased after the cost, seasonal and calendar adjustments.