German Prelim CPI up by 0.7%

Tuesday, 28 February 2012 04:19

The Federal Statistics Office reported inflation gain at annual pace of 2.5%, up from 2.3% in January.

In a monthly capture prices increased by 0.7%, instead 0.5% expected in February.

Prior month reading showed 0.4% decrease.

Euro currency reminded higher major rivals. EUR/USD was traded at 1.3440 after news release.