German consumer prices rose in February, after January’s fall.
Germany’s federal statistics office Destatis said the annual rate of inflation rose 0.1% last month.
Prices fell into negative territory in January as Germany’s consumer price index (CPI) dropped 0.4%.
But according to the harmonised index of consumer prices (HICP), the European Central Bank’s preferred figure, Germany is yet to exit its deflationary period.
Germany’s HICP index fell 0.1% in February.
The eurozone has struggled with downward pricing pressures for several months, with countries including Spain and Italy falling into deflation.
Eurozone inflation has been below the bank’s target of 2%, or just below, since the start of 2013.
The low oil price continues to weigh on overall prices. The price of oil products fell 15.1% in Germany in February.
The ECB began its government bond buying programme on Monday.
It will buy bonds worth €1.14tn over the next 18 months in a move which is expected to boost prices in the eurozone.
via BBC
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