- The annual IPCA was slightly higher than expected, reaching 5.5% in February.
- The euro did not react, focusing much more on geopolitics at the moment.
The German inflation IPCA rose to 5.5% y/y in February, slightly above the 5.4% expected and above January’s 5.1% reading, according to the flash estimate released by Destatis on Tuesday.
On On a monthly basis, IPCA inflation stood at 0.9%slightly above the 0.8% expected and in line with the 0.9% reading for January.
The German CPI, for its part, rose slightly to 5.1% year-on-year from 4.9% in January, in line with expectations. The pace of the CPI was also in line with expectations at 0.9%, versus 0.4% in January.
market reaction
With the focus very much on geopolitics at the moment rather than economic data, German inflation figures in line with expectations have not affected the euro at all.
Source: Fx Street
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