The annual inflation rate in Germany declined to 8.7% in February, according to a final report published by the Federal Statistical Office on Friday. The monthly increase in consumer prices was also confirmed at 0.8%.
"The inflation rate remains at a high level ... Households felt the impact of higher food prices also in February, as they increased even more than energy prices," Destatis President Ruth Brand noted.
Inflation continues to be high due to the effects caused by the war in Ukraine, the report concluded, with energy prices soaring 19.1% year-on-year and food prices surging 21.8%.
