The Consumer Price Index (CPI) is a key indicator of inflation and economic health. A rise in CPI, as reported for Germany in February, suggests an increase in consumer prices, which can signal a strengthening economy. This can lead to positive sentiment among investors regarding German equities, potentially benefiting the iShares MSCI Germany ETF (EWG), which is directly linked to the performance of the German stock market. However, the exact impact on EWG's price will depend on broader market perceptions and other economic indicators.