German inflation

BERLIN: Consumer prices stagnated in Germany in February, official data showed on Friday, with plunging energy prices dragging inflation down. Germany’s national inflation yardstick, the consumer price index, stood at zero percent in February compared to 0.5 per cent in January, the federal statistics office Destatis said, confirming a flash estimate issued earlier this month. Pointing to a slide in energy prices which reached a 8.5 per cent drop year-on-year for February, Destatis said inflation would have been in positive territory if not for the slump in oil sector.