Germany: Inflation moderates in March
March 30, 2017
Consumer prices rose 0.2% over the previous month in March, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 March. The result came in below February’s 0.7% rise.
Inflation’s acceleration seen in the past months came to a halt in March, coming in at 1.6% in March, below February’s multi-year high 2.2% rise. The result undershot market expectations of a softer fall to 1.9%. Meanwhile, annual average inflation inched up to 0.9% in March, up from 0.8% in February.
Harmonized inflation slowed in March, falling to 1.5% from February’s 2.2%. Average HICP inflation rose to 0.8% in March, following the 0.7% print in February.
Author: Christopher Mc Innes, Economist