Brandenburg Gate in Berlin, Germany

Germany Inflation March 2024

Germany: Harmonized inflation decreases in March

Harmonized inflation dropped to 2.3% in March below February’s 2.7%. The March figure was the lowest since April 2021, matched market expectations and was largely due to a fall in energy and food prices.

Annual average harmonized inflation fell to 4.6% in March (February: 5.0%). Meanwhile, consumer price inflation fell to 2.2% in March, from February’s 2.5%.

Finally, harmonized consumer prices rose 0.63% over the previous month in March, stable from February’s reading.

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