Germany, Portugal and the Netherlands see inflation rates slip

Germany’s annual inflation rate eased in February, hitting a two-year low to show a slowdown in the rise of consumer prices. Portugal’s encouraging figures confirmed it was on a similar trajectory, as is the Netherlands.

Inflation in Germany continued to cool, hitting an annual rate of 2.5% in February, down from 2.9% in January and 3.7% the month before.

The German Federal Statistical Office confirmed the provisional figures on Tuesday, making it the lowest rate at which prices in Germany have risen since June 2021, when inflation stood at 2.4%.

“The price situation for energy products continues to ease,” said Ruth Brand, president of the Federal Statistical Office. “The increase in food prices has slowed markedly and is now below the overall inflation rate for the first time in more than two years.”