BERLIN Feb 27 German EU-harmonised annual
inflation decelerated more than expected to 1.0 percent
year-on-year in February from 1.2 percent the previous month,
preliminary data from the Federal Statistics Office showed on
That compared with the consensus forecast in a Reuters poll
of economists for it to slow to 1.1 percent. The reading raises
pressure on the ECB to act at its rate-setting meeting next
The harmonised index of consumer prices (HICP) - the measure
of inflation used by the European Central Bank - was up 0.5
percent on the month, less than the 0.7 percent forecast in a
Annual German inflation on a non-harmonised basis slowed to
1.2 percent in February from 1.3 percent the previous month. It
had been forecast to hold steady.
The statistics office said relatively low inflation was due
to lower energy prices in February compared with a year ago.