Inflation in Germany continues to accelerate in February, reaching its highest level for four and a half years. The harmonised consumer price index, which is used for the purposes of the European institutions, is increased by 2.2% on an annual basis and thus exceeds the target level of the European Central Bank. The value desired by the regulator is close to, but not more than 2%.
Unemployment in Germany continues to decline in February. It remains at a level of 5.9%, which is the lowest value since the unification of Germany.
In the US, the personal income index recorded a growth of 0.4 percent in January, exceeding expectations. The Industry Activity Index of the Institute for Supply Management (ISM) rose from 56 points in January to 57.7 points in February. On Tuesday, Fed President William Dudley said he expects an increase in the interest rate in the “comparably near future.”
