Germany’s CPI for February rose 0.20%, beating the 0.50% estimate and up from January’s 0.10%. The monthly increase reflects continued contained inflation, with the annual rate steady at 2.10% since December. Market reaction was muted as the print remains below the ECB’s 2% target, supporting a steady monetary policy stance. Updated 2/27/26
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CPI - DE
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Key Takeaways: Germany’s February CPI rose 0.2% MoM, up from January’s 0.1%. Annual inflation remains at 2.1%. Energy and food prices drove the increase, while core inflation stayed subdued. The print remains below ECB’s 2% target, keeping policy steady.
Germany’s CPI Edges Up in February: Inflation Remains Contained
Germany’s consumer price index (CPI) for February 2026 registered a modest 0.2% month-over-month increase, according to the latest release. This marks a slight acceleration from January’s 0.1% rise, with the annual inflation rate holding at 2.1% for the second consecutive month. The reading remains below the European Central Bank’s 2% target, signaling continued price stability in Europe’s largest economy.
February’s 0.2% MoM CPI print remains below the ECB’s 2% target, with annual inflation steady at 2.1%. Policymakers have signaled no immediate change in stance, citing subdued core pressures.
Market Lens
Bund yields held steady after the release. Investors interpreted the data as confirmation of contained inflation, reducing bets on near-term monetary tightening. The euro traded flat against major peers, reflecting muted market reaction.
Foundational Indicators
Historical Context
February’s 0.2% MoM rise follows January’s 0.1% and December’s 1.8% jump. The 12-month average stands at 1.1%. The annual rate has held at 2.1% since December, down from 2.3% in November and 2.5% in October.
Key Figures
February CPI: 0.2% MoM, 2.1% YoY
January CPI: 0.1% MoM, 2.1% YoY
December CPI: 1.8% MoM, 2.1% YoY
12-month average: 1.1% MoM
ECB target: 2.0% YoY
Market Lens
German equities showed little movement post-release. The DAX index remained range-bound, as investors weighed the stable inflation backdrop against lingering growth concerns.
Chart Dynamics
February’s CPI print of 0.2% MoM compares with January’s 0.1% and a 12-month average of 1.1%. The annual rate has held at 2.1% for three months, after peaking at 2.5% in October. Energy and food prices remain the primary drivers of recent monthly gains. Core inflation has shown little movement, suggesting underlying price pressures are contained.
CPI trend, Germany, March 2025–February 2026
What This Chart Tells Us: Germany’s CPI has stabilized after a sharp December increase, with monthly gains moderating in January and February. The annual rate remains anchored at 2.1%, reflecting persistent but contained inflationary pressures. Energy and food costs are the main contributors, while core prices show little momentum.
Forward Outlook
Scenario Analysis
Bullish (20–30%): Energy prices retreat, CPI moderates below 2% YoY, supporting real wage growth.
Base (50–60%): CPI holds near 2.1% YoY, with monthly prints averaging 0.2–0.3% through Q2.
Bearish (15–20%): Renewed energy shocks or supply disruptions push CPI above 2.3% YoY by mid-year.
Risks and Methodology
Data is sourced from Germany’s Federal Statistical Office and cross-verified with Sigmanomics[1]. The headline CPI includes all goods and services; core excludes energy and food. Upside risks stem from commodity volatility, while downside risks include weak consumer demand and easing supply bottlenecks.
Market Lens
Eurozone bond markets remain calm. The muted inflation print supports the case for steady ECB policy, with investors watching for any shift in core price trends.
Closing Thoughts
Germany’s inflation picture remains stable, with February’s 0.2% MoM CPI print underscoring a trend of contained price pressures. The annual rate’s persistence at 2.1% suggests the ECB’s target is within reach, barring external shocks. Market participants continue to monitor energy and food costs for signs of renewed volatility.
Key Markets Reacting to CPI
Germany’s CPI release influences a range of asset classes, from equities to currencies. The following symbols have shown sensitivity to inflation data, reflecting shifts in investor sentiment and policy expectations. Each symbol is verified from Sigmanomics’ official listings.
AAPL: Global tech stocks often react to European inflation trends, as higher CPI can affect consumer demand and supply chains.
EURUSD: The euro-dollar pair is directly impacted by German CPI, with higher inflation supporting the euro if ECB policy expectations shift.
BTCUSD: Bitcoin’s price can respond to inflation surprises, as investors seek alternative stores of value during periods of rising prices.
Indicator vs. Symbol: CPI and EURUSD Since 2020
Year
CPI YoY (%)
EURUSD Trend
2020
0.5
Range-bound
2021
1.7
Strengthened
2022
2.8
Weakened
2023
2.3
Stabilized
2024–2026
2.1
Flat
Since 2020, periods of rising German CPI have coincided with both euro strength and weakness, depending on broader ECB policy signals and global risk appetite. The current stable inflation environment has kept EURUSD in a narrow range.
FAQ: Germany’s CPI Edges Up in February: Inflation Remains Contained
What is Germany’s latest CPI reading?
Germany’s consumer price index rose 0.2% month-over-month in February 2026, up from 0.1% in January. The annual inflation rate remains at 2.1%.
What are the main drivers of Germany’s CPI this month?
Energy and food prices contributed most to the monthly increase, while core inflation stayed subdued. Services prices were flat.
How does Germany’s CPI compare to the ECB’s target?
The annual CPI rate of 2.1% is just above the European Central Bank’s 2% target, indicating contained inflation pressures.
Germany’s inflation remains steady, with February’s CPI print showing only a modest uptick.
Updated 2/27/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
Sigmanomics Economic Database, Germany CPI, accessed February 27, 2026.
Germany Federal Statistical Office (Destatis), official CPI releases, February 2026.
Economic Calendar - DE Events
Friday, March 6, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
11:00
DE
New Car Sales YoY
3.8
-6.6
-4.4
-0.30
Low
09:00
DE
Factory Orders MoM
-
7.8
-4.3
0.35
Medium
07:00
DE
Factory Orders MoM
-
7.8
-4.3
0.35
Medium
Thursday, March 5, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Construction PMI
43.7
44.7
45.4
44.70
Low
Wednesday, March 4, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Services PMI
53.5
52.4
53.4
53.45
Low
08:55
DE
HCOB Composite PMI
53.2
52.1
53.1
53.25
Low
08:55
DE
PMI
53.2
53.1
53.1
53.18
Low
08:55
DE
Services PMI
53.5
53.4
53.4
53.43
Medium
Monday, March 2, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Manufacturing PMI
50.9
49.1
50.7
50.95
Low
08:55
DE
Manufacturing PMI
50.9
49.1
50.7
50.98
Low
07:00
DE
Retail Sales YoY
1.2
4.3
1.9
1.77
Medium
07:00
DE
Retail Sales MoM
-0.9
1.2
0.5
0.07
Medium
Saturday, February 28, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
Unemployment Rate
-
6.3
6.3
6.30
Medium
08:55
DE
Unemployed Persons
-
2.976
2.981
2.98
Medium
08:55
DE
Employment Change
-
0
5
2.83
Medium
Friday, February 27, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:00
DE
Harmonised Inflation Rate YoY
2
2.1
2
2.00
Low
13:00
DE
Harmonised Inflation Rate MoM
0.4
-0.1
0.4
0.40
Low
13:00
DE
Inflation Rate MoM
0.2
0.1
0.3
0.32
Medium
13:00
DE
Inflation Rate YoY
1.9
2.1
2
2.02
High
13:00
DE
HICP YoY
2
2.1
2.1
2.10
Low
13:00
DE
HICP MoM
0.4
-0.1
0.5
0.50
Low
13:00
DE
CPI
0.2
0.1
0.5
0.47
High
08:55
DE
Employment Change
1
1
5
2.83
Medium
08:55
DE
Unemployed Persons
2.977
2.976
2.981
2.98
Medium
08:55
DE
Unemployment Rate
6.3
6.3
6.3
6.30
Medium
07:00
DE
Import Prices MoM
1.1
-0.1
0.6
0.77
Low
07:00
DE
Import Prices YoY
-2.3
-2.3
-2.8
-2.70
Low
06:00
DE
CPI
-
2.1
2
1.97
Medium
Wednesday, February 25, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
GDP Growth Rate YoY
0.4
0.3
0.4
0.38
Low
07:00
DE
GDP Growth Rate QoQ
0.3
0
0.3
0.32
Low
07:00
DE
Gross Domestic Product YoY
0.4
0.3
0.4
0.42
Medium
07:00
DE
Gross Domestic Product QoQ
0.3
0
0.3
0.32
High
00:00
DE
Gross Domestic Product YoY
0.4
0.3
0.4
0.42
Medium
00:00
DE
Gross Domestic Product QoQ
0.3
0
0.3
0.32
High
Monday, February 23, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Ifo Business Climate
88.6
87.6
87.9
87.78
High
09:00
DE
Ifo Current Conditions
86.7
85.7
86
85.97
Low
Friday, February 20, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Composite PMI
53.1
52.1
51.9
52.05
Medium
08:30
DE
HCOB Services PMI
53.4
52.4
52.3
52.35
Medium
08:30
DE
HCOB Manufacturing PMI
50.7
49.1
49.8
50.05
High
08:30
DE
Manufacturing PMI
50.7
49.1
49.6
49.88
Medium
08:30
DE
Services PMI
53.4
52.4
52.4
52.43
Medium
08:30
DE
PMI
53.1
52.1
52.3
52.38
Low
07:00
DE
Producer Price Index MoM
-0.6
-0.2
0.1
-0.08
Low
07:00
DE
Producer Price Index YoY
-3
-2.5
-2.3
-2.50
Medium
Tuesday, February 17, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
10:00
DE
ZEW Economic Sentiment Index
58.3
59.6
61
64.70
High
10:00
DE
ZEW Current Conditions
-65.9
-72.7
-67
-65.77
Low
10:00
DE
Economic Sentiment
58.3
59.6
65.8
67.38
Medium
07:00
DE
Harmonised Inflation Rate MoM
-0.1
0.2
-0.1
-0.10
Low
07:00
DE
Inflation Rate MoM
0.1
0
0.1
0.12
Low
07:00
DE
Inflation Rate YoY
2.1
1.8
2.1
2.12
Low
07:00
DE
Harmonised Inflation Rate YoY
2.1
2
2.1
2.10
Low
07:00
DE
HICP YoY
2.1
2
2.1
2.10
Low
07:00
DE
HICP MoM
-0.1
0.2
-0.1
-0.10
Low
07:00
DE
CPI
2.1
1.8
2.1
2.07
Medium
Friday, February 13, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Wholesale Prices YoY
1.2
1.2
0.6
0.67
Medium
07:00
DE
Wholesale Prices MoM
0.9
-0.2
0.3
0.35
Medium
Thursday, February 12, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:45
DE
Current Account
16.1
14.2
14.2
14.58
Low
Friday, February 6, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Imports MoM
1.4
0.7
0.4
0.43
Low
07:00
DE
Exports MoM
4
-2.5
1.1
1.18
Medium
07:00
DE
Balance of Trade
17.1
13.6
14
14.23
High
07:00
DE
Industrial Production MoM
-1.9
0.2
0.3
0.50
Medium
Thursday, February 5, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Construction PMI
44.7
50.3
50.5
49.80
Low
07:00
DE
Factory Orders MoM
7.8
5.7
-4.2
0.45
Medium
Wednesday, February 4, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
11:30
DE
New Car Registrations YoY
-6.6
9.7
3.4
2.57
Low
08:55
DE
HCOB Services PMI
52.4
52.7
53.3
53.35
Low
08:55
DE
HCOB Composite PMI
52.1
51.3
52.5
52.65
Low
08:55
DE
Services PMI
52.4
52.7
53.3
53.33
Medium
08:55
DE
PMI
52.1
51.3
52.5
52.58
Low
Monday, February 2, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Manufacturing PMI
49.1
47
48.7
48.95
Low
08:55
DE
Manufacturing PMI
49.1
47
48.7
48.98
Medium
07:00
DE
Retail Sales YoY
1.5
-1.6
1.5
1.37
Medium
07:00
DE
Retail Sales MoM
0.1
-0.5
0.5
0.07
Medium
Friday, January 30, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:00
DE
Harmonised Inflation Rate MoM
-0.1
0.2
-0.1
-0.10
Low
13:00
DE
Inflation Rate MoM
0.1
0
-0.1
-0.08
Medium
13:00
DE
Harmonised Inflation Rate YoY
2.1
2
2.1
2.10
Low
13:00
DE
Inflation Rate YoY
2.1
1.8
1.9
1.92
High
13:00
DE
CPI
0.1
0
0
-0.03
High
13:00
DE
HICP MoM
-0.1
0.2
-0.2
-0.20
Low
13:00
DE
HICP YoY
2.1
2
2
2.00
Low
09:00
DE
GDP Growth Rate YoY
0.4
0.3
0.5
0.47
High
09:00
DE
GDP Growth Rate QoQ
0.3
0
0.2
0.23
High
09:00
DE
Gross Domestic Product YoY
0.4
0.3
0.3
0.32
Medium
09:00
DE
Gross Domestic Product QoQ
0.3
0
0.2
0.22
High
08:55
DE
Employment Change
0
3
7
4.83
Medium
08:55
DE
Unemployment Rate
6.3
6.3
6.3
6.30
Medium
07:00
DE
Import Prices MoM
-0.1
0.5
-0.2
-0.03
Low
07:00
DE
Import Prices YoY
-2.3
-1.9
-2.4
-2.30
Low
Thursday, January 29, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Consumer Confidence
-
-26.9
-26
-26.45
High
Wednesday, January 28, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Consumer Confidence
-24.1
-26.9
-26
-26.45
High
Monday, January 26, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Ifo Expectations
89.5
89.7
90.5
90.05
Low
09:00
DE
Ifo Current Conditions
85.7
85.6
86.5
86.47
Low
09:00
DE
Ifo Business Climate
87.6
87.6
88.4
88.28
High
Friday, January 23, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Manufacturing PMI
-
47
48.5
48.75
High
08:30
DE
HCOB Composite PMI
-
51.3
52.2
52.35
Medium
08:30
DE
HCOB Services PMI
-
52.7
52.9
52.95
Medium
08:30
DE
Services PMI
-
52.7
52.5
52.53
Medium
08:30
DE
Manufacturing PMI
-
47
47.6
47.88
Medium
Tuesday, January 20, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
10:00
DE
ZEW Current Conditions
-72.7
-81
-80
-78.77
Low
10:00
DE
ZEW Economic Sentiment Index
59.6
45.8
42
45.70
High
10:00
DE
Economic Sentiment
59.6
45.8
50
51.58
Medium
07:00
DE
Producer Price Index MoM
-0.2
0
0.1
-0.08
Low
07:00
DE
Producer Price Index YoY
-2.5
-2.3
-2.1
-2.30
Medium
Friday, January 16, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Harmonised Inflation Rate MoM
0.2
-0.5
0.2
0.20
Low
07:00
DE
Harmonised Inflation Rate YoY
2
2.6
2
2.00
Low
07:00
DE
Inflation Rate MoM
0
-0.2
0
0.02
Low
07:00
DE
Inflation Rate YoY
1.8
2.3
1.8
1.82
Low
07:00
DE
HICP YoY
2
2.6
2
2.00
Low
07:00
DE
HICP MoM
0.2
-0.5
0.2
0.20
Low
07:00
DE
CPI
1.8
2.3
1.8
1.77
Medium
Thursday, January 15, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Full Year GDP Growth
-
-0.2
0.2
0.20
High
07:00
DE
Wholesale Prices MoM
-0.2
0.3
0.2
0.25
Medium
07:00
DE
Wholesale Prices YoY
1.2
1.5
1.6
1.67
Medium
Monday, January 12, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:45
DE
Current Account
15.1
14.8
15.1
15.48
Low
Friday, January 9, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Exports MoM
-2.5
0.3
0.2
0.28
Medium
07:00
DE
Balance of Trade
13.1
17.2
16.5
16.73
High
07:00
DE
Industrial Production MoM
0.8
2
-0.4
-0.20
Medium
07:00
DE
Imports MoM
0.8
-1.5
0.2
0.23
Low
Thursday, January 8, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Factory Orders MoM
5.6
1.6
-1
3.65
Medium
Wednesday, January 7, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
Unemployment Rate
6.3
6.3
6.3
6.30
High
08:55
DE
Unemployed Persons
2.977
2.973
2.978
2.98
Medium
08:55
DE
Employment Change
3
1
5
2.83
High
08:30
DE
HCOB Construction PMI
50.3
45.2
47
46.30
Low
07:00
DE
Retail Sales YoY
1.1
1.6
1.2
1.07
High
07:00
DE
Retail Sales MoM
-0.6
0.3
0.2
-0.23
High
Tuesday, January 6, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:00
DE
Harmonised Inflation Rate MoM
0.2
-0.5
0.4
0.40
Low
13:00
DE
Harmonised Inflation Rate YoY
2
2.6
2.2
2.20
Low
13:00
DE
Inflation Rate YoY
1.8
2.3
2
2.02
High
13:00
DE
Inflation Rate MoM
0
-0.2
0.2
0.22
Medium
13:00
DE
HICP YoY
2
2.6
2.2
2.20
Low
13:00
DE
HICP MoM
0.2
-0.5
0.4
0.40
Low
13:00
DE
CPI
0
-0.2
0.3
0.27
High
11:00
DE
New Car Registrations YoY
9.7
2.5
3
2.17
Low
08:55
DE
HCOB Composite PMI
51.3
52.4
51.5
51.65
Low
08:55
DE
HCOB Services PMI
52.7
53.1
52.6
52.65
Low
08:55
DE
Services PMI
52.7
53.1
52.6
52.63
Medium
08:55
DE
PMI
51.3
52.4
51.5
51.58
Low
Friday, January 2, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Manufacturing PMI
47
48.2
47.7
47.95
Low
08:55
DE
Manufacturing PMI
47
48.2
47.7
47.98
Medium
Tuesday, December 23, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Import Prices MoM
0.5
0.2
0.1
0.27
Low
07:00
DE
Import Prices YoY
-1.9
-1.4
-1.9
-1.80
Low
Friday, December 19, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Producer Price Index YoY
-2.3
-1.8
-2.2
-2.40
Medium
07:00
DE
Producer Price Index MoM
0
0.1
0.1
-0.08
Low
07:00
DE
Consumer Confidence
-26.9
-23.4
-23.2
-23.65
High
Wednesday, December 17, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Ifo Expectations
89.7
90.5
90.5
90.05
Low
09:00
DE
Ifo Business Climate
87.6
88
88.2
88.08
High
09:00
DE
Ifo Current Conditions
85.6
85.6
85.7
85.67
Low
Tuesday, December 16, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
10:00
DE
ZEW Economic Sentiment Index
45.8
38.5
38.5
42.20
High
10:00
DE
ZEW Current Conditions
-81
-78.7
-80
-78.77
Low
10:00
DE
Economic Sentiment
45.8
38.5
38.4
39.98
Medium
08:30
DE
HCOB Manufacturing PMI
47.7
48.2
51
51.25
High
08:30
DE
Manufacturing PMI
47.7
48.2
48.6
48.88
Medium
08:30
DE
Services PMI
52.6
53.1
53
53.03
Medium
08:30
DE
PMI
51.5
52.4
52.4
52.48
Low
Monday, December 15, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Composite PMI
51.5
52.4
51.4
51.55
Medium
08:30
DE
HCOB Services PMI
52.6
53.1
51.5
51.55
High
07:00
DE
Wholesale Prices MoM
0.3
0.3
0.2
0.25
Medium
07:00
DE
Wholesale Prices YoY
1.5
1.1
1.3
1.37
Medium
Friday, December 12, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:45
DE
Current Account
14.8
15.8
14.4
14.78
Low
13:00
DE
Current Account
-
18.6
14.4
14.78
Low
07:00
DE
Inflation Rate MoM
-0.2
0.3
-0.2
-0.18
Low
07:00
DE
Inflation Rate YoY
2.3
2.3
2.3
2.32
Low
07:00
DE
Harmonised Inflation Rate YoY
2.6
2.3
2.6
2.60
Low
07:00
DE
Harmonised Inflation Rate MoM
-0.5
0.3
-0.5
-0.50
Low
07:00
DE
HICP YoY
2.6
2.3
2.6
2.60
Low
07:00
DE
HICP MoM
-0.5
0.3
-0.5
-0.50
Low
07:00
DE
CPI
-0.2
0.3
-0.2
-0.23
High
Tuesday, December 9, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Exports MoM
0.1
1.5
-0.2
-0.12
Medium
07:00
DE
Imports MoM
-1.2
3.1
0.2
0.23
Low
07:00
DE
Balance of Trade
16.9
15.3
15.2
15.43
High
Monday, December 8, 2025
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Industrial Production MoM
1.8
1.1
-0.4
-0.20
Medium
Symbol
Price
Analysis and Forecast
Germany CPI Rises Slightly in February Inflation Report The consumer price index (CPI) measures changes in the average prices paid by consumers for goods and services. Germany’s CPI increased by 0.20% in February 2026 compared to January, following a 0.10% rise the previous month, with the annual inflation rate steady at 2.10%. The data was released on February 27, 2026. This modest monthly gain reflects ongoing price pressures primarily driven by energy and food costs, while core inflation remains subdued. The reading continues to stay just above the European Central Bank’s 2% target, suggesting inflation remains contained despite some upward momentum. Analysts from Morgan Stanley noted that “the stable inflation trend supports the ECB’s current cautious stance on monetary policy, with no immediate rate changes expected.” Market participants will watch upcoming data closely for signs of any shifts in inflation dynamics.
