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Investing.com -- The German federal statistics office announced on Friday that the country’s inflation rate for February was lower than initially reported, with a revised figure of 2.6%.
The office had previously reported that the annual inflation rate, harmonized to compare with other European Union countries, had remained unchanged for the second consecutive month at 2.8%.
In addition to the annual rate, the month-on-month inflation rate was also slightly adjusted downward. The initial reading of 0.6% was revised to a final figure of 0.5%, according to the statistics office.
These revisions illustrate a slight cooling in the pace of price increases in Germany.
The inflation rate is a key indicator of economic health, affecting interest rates, purchasing power, and investment decisions. The revisions in Germany’s inflation rate come amid a broader context of economic recovery and uncertainty due to the ongoing global pandemic.
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