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Consumer prices in Germany increased by 1.3% in March in annual terms

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In March, annual inflation in Germany slowed to 1.3% from 1.5% in February, preliminary data from Destatis, obtained from the calculation of consumer prices according to national standards, showed. Experts expected inflation at 1.5%. Compared to February, consumer prices rose 0.4%, while economists had predicted a 0.6% increase. The annual growth of prices for food and non-alcoholic beverages was at the level of 0.7%, while the cost of services increased by 1.2%, and household energy rose by 4.5%. The inflation rate, derived from EU standards, was 1.5%, indicating a slowdown compared to 1.7% over the previous three months. In monthly terms, consumer prices increased by 0.6%.

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