German inflation slowed to 1.4% in March

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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%.

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