Annual inflation rises to 1.3% in February, above the 1.2% expected

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The preliminary inflation data for Germany showed in February a rise higher than expected. The consumer price index increased 0.7% above the 0.5% expected and lower than the 0.8% of the previous month. The annual rate went from 1% to 1.3%, higher than the market consensus of 1.2%, the highest level in 10 months.

The harmonized annual index it reached 1.6%, in line with expectations after registering a monthly advance of 0.6%.

The euro it was unchanged in the market after the data. The common currency is negative against the dollar and erased losses against the pound in the last two hours. Encouraging data from the Eurozone PMI were previously released.

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