Germany’s CPI inflation was 0.4% MoM and 2.3% YoY in February, unchanged changed from 2.3% YoY in January.

• Energy prices were down -1.8% YoY, lower than -1.6% YoY previously.
• Food inflation saw a large acceleration from 0.8% YoY to 2.4% YoY.
• Core CPI inflation eased 0.3 ppts to 2.6% YoY.
• Goods inflation was unchanged at 0.9% YoY, and services inflation slowed from 4.0% YoY to 3.8% YoY.
• HICP inflation was 0.6% MoM and 2.8% YoY, above expectations of 0.5% MoM and 2.7% YoY.