German inflation slowed to 1.4% in March


In March of this year, inflation in Germany, calculated according to EU standards, slowed to 1.4% from 1.7% in February. According to Destatis, the March figure was the lowest since April 2018. Compared to the previous month, the increase in consumer prices was at the level of 0.5% in the same way as in February. Both indicators coincided with expert estimates and with preliminary statistical data. Annual inflation in Germany, calculated according to national standards, was 1.3% in March. Compared with February, consumer prices increased by 0.4%, also confirming the forecasts of economists. Rising energy prices in annual terms accelerated to 4.2% from 2.9% in the previous month. The cost of food increased by 0.7%, while the prices of clothes and shoes decreased by 0.7%. The cost of services increased by 1.2%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong