India, Feb. 29 -- Germany's consumer price inflation eased further in February to its lowest level in over two-and-a-half years, while core inflation remained unchanged validating the European Central Bank's view that it is too early to think of cutting interest rates.
The consumer price index, or CPI, rose 2.5 percent year-on-year following a 2.9 percent increase in January, preliminary estimates from the statistical office Destatis showed Thursday. Economists had forecast 2.6 percent inflation. The headline inflation rate was the lowest since June 2021, when it was 2.4 percent.
However, core inflation that excludes prices of food and energy was unchanged at 3.4 percent, which is well above the ECB's 2 percent target.
"Underlying inflat...