Germany: Inflation Rises, Unemployment Falls

 

Inflation in Germany rose in February, reaching its highest level in four-and-a-half years, mainly due to more expensive energy and food.

Consumer prices in the eurozone’s largest economy were up by 2.2 percent from a year ago, above the European Central Bank’s price stability target and up from January’s 1.9 percent.

It was the highest annual inflation rate since August 2012.

Core inflation – which strips out volatile fresh food and energy costs – was up 1.3 percent, an increase from January’s 1.2 percent.

See a full breakdown here. 

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Source: euronews.