Germany's annual inflation rate decreased to 2.5% in February from 2.9% in January, the lowest since June 2021.

While energy prices in Germany fell, the costs for food and services continued to rise.

US inflation also declined to 2.4% in January, with core inflation reaching its lowest point since March 2021.

The Federal Reserve, which has a 2% inflation rate target, is preparing for a monetary policy meeting in March.

France reported a decrease in inflation to 2.9% in February, matching the Bank of France governor's predictions.

The Federal Reserve views inflation as nearing its target and suggests a potential interest rate cut if the downward trend continues, though it awaits more data before deciding.