Destatis released its consumer price data for Germany on Wednesday. German preliminary consumer price index increased 0.8% in March, exceeding expectations for a 0.6% rise, after a 0.4% gain in February.

On a yearly basis, German preliminary consumer price index climbed to 0.3% in March from 0.0% in February, beating expectations for a rise to 0.1%.

Energy prices slid 8.9% year-on-year in March.

Goods prices dropped 1.2% year-on-year in March, while services prices increased 1.6%.