AIRLINK 80.55 Increased By ▲ 1.14 (1.44%)
BOP 5.32 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.42 Increased By ▲ 0.04 (0.91%)
DFML 34.25 Increased By ▲ 1.06 (3.19%)
DGKC 77.90 Increased By ▲ 1.03 (1.34%)
FCCL 20.75 Increased By ▲ 0.22 (1.07%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.82 Decreased By ▼ -0.03 (-0.3%)
GGL 10.22 Decreased By ▼ -0.03 (-0.29%)
HBL 118.13 Increased By ▲ 0.20 (0.17%)
HUBC 136.95 Increased By ▲ 2.85 (2.13%)
HUMNL 7.08 Increased By ▲ 0.08 (1.14%)
KEL 4.65 Decreased By ▼ -0.02 (-0.43%)
KOSM 4.66 Decreased By ▼ -0.08 (-1.69%)
MLCF 37.75 Increased By ▲ 0.31 (0.83%)
OGDC 138.60 Increased By ▲ 1.90 (1.39%)
PAEL 23.00 Decreased By ▼ -0.15 (-0.65%)
PIAA 27.00 Increased By ▲ 0.45 (1.69%)
PIBTL 6.91 Decreased By ▼ -0.09 (-1.29%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.59 Increased By ▲ 0.07 (0.25%)
PTC 14.70 Decreased By ▼ -0.05 (-0.34%)
SEARL 57.60 Increased By ▲ 0.40 (0.7%)
SNGP 66.99 Decreased By ▼ -0.51 (-0.76%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.22 Decreased By ▼ -0.01 (-0.11%)
TPLP 11.58 Increased By ▲ 0.02 (0.17%)
TRG 72.15 Increased By ▲ 0.05 (0.07%)
UNITY 25.55 Increased By ▲ 0.73 (2.94%)
WTL 1.37 Decreased By ▼ -0.03 (-2.14%)
BR100 7,626 Increased By 100.5 (1.34%)
BR30 24,920 Increased By 270.6 (1.1%)
KSE100 72,732 Increased By 760.5 (1.06%)
KSE30 24,027 Increased By 278 (1.17%)

imageFRANKFURT: Inflation in Germany, Europe's biggest economy, was back in positive territory in February with consumer prices rising by 0.1 percent, official data showed on Friday.

The previous month, the consumer price index had fallen for the first time in five years, dropping by 0.4 percent as a result of lower energy prices.

According to the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany remained in negative territory, slipping by 0.1 percent year-on-year in February, way under the ECB's annual inflation target of just below 2.0 percent.

In January, HICP had fallen by 0.5 percent.

The February data are still only preliminary, since they are based on consumer price statistics from only six out of Germany's 16 regional states.

Final data, based on all 16, will be published on March 12, the German federal statistis office Destatis said.

The data will offer some hope that the eurozone will avoid a dangerous deflationary spiral of falling prices.

Last month, the ECB unveiled a massive trillion-euro bond purchase programme to ward off deflation and end stagnation in the eurozone economy.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.