Germany’s consumer price index (CPI) remained unchanged in February 2026, with annual inflation holding at 1.9% year-over-year, according to data updated on 11 March 2026. The reading matches the previous annual rate of 1.9% recorded in February 2026, indicating that price pressures in Europe’s largest economy are stable and remain just below the European Central Bank’s medium-term target of 2%.
The CPI figures are measured on a year-over-year basis, comparing the change in prices in February to the same month a year earlier. The “previous” indicator also reflects a year-over-year comparison, but for the prior month against its corresponding month a year before. The unchanged reading signals that, at least for now, Germany is not experiencing renewed inflationary acceleration, which could give policymakers slightly more room to maneuver on interest rates and support for the broader euro area economy.
The stability in German inflation will be closely watched by markets and policymakers as they assess the outlook for monetary policy and growth. With inflation neither rising nor falling compared with the prior reading, attention is likely to turn to upcoming data releases to confirm whether Germany has entered a phase of more durable price stability or if new shocks could disrupt the current balance.
