Germany’s annual inflation rate was at 8.7% in February, unchanged from the January figure, the country’s statistical authority said on Friday. Ruth Brand, head of statistical office Destatis, noted that inflation rate in the country remained at a high level. “Households felt the impact of higher food prices also in February, as they increased even more than energy prices,” she added. Destatis said the Russia-Ukraine war had significantly increased energy and food prices, affecting the inflation rate. “Due to the situation of war and crisis, delivery bottlenecks and rising prices at upstream stages in the economic process also have an impact on the inflation rate, which in turn leads to price increases for other goods and services,” it noted. Destatis added that prices of energy products rose by 19.1% in February on a yearly basis.
Source: Anadolu Agency – English