Germany's inflation eases to 1.9% YoY in February

The harmonised index of consumer prices (HICP), used for EU comparisons, increased 2.0 per cent YoY in February and rose 0.4 per cent month on month (MoM), Destatis said in a press release.

“The increase in consumer prices slowed slightly in February”, said Ruth Brand, president of the Destatis.

Compared with January 2026, consumer prices in February 2026 rose by 0.2 per cent. Energy prices continued to exert downward pressure on inflation.

Prices of energy products were 1.9 per cent lower than in February 2025, following a 1.7 per cent decline in January. Household energy prices dropped 3.5 per cent YoY, supported by lower costs for natural gas (-4.4 per cent), electricity (-4.1 per cent) and district heating (-1 per cent). Heating oil prices fell 4.7 per cent, while solid fuels rose 6 per cent and motor fuel prices edged up 0.3 per cent.

Meanwhile, core inflation, which excludes food and energy, remained stable at 2.5 per cent in February. Inflation excluding energy stood at 2.3 per cent, down from 2.5 per cent in January, indicating that price pressures remained relatively elevated across other product categories.

Prices of goods rose 0.8 per cent YoY in February. Non-durable consumer goods increased 0.8 per cent, while durable consumer goods prices climbed 0.6 per cent.

On a monthly basis, the consumer price index rose 0.2 per cent in February, while energy prices also increased by 0.2 per cent over the previous month.

Fibre2Fashion News Desk (SG)