Germany's Federal Statistical Office reported on Monday the country's consumer price index (CPI) is expected to increase 0.1 m-o-m in March after increasing 0.4 percent m-o-m in the previous month.

On the y-o-y basis, Germany's inflation rate is seen to rise 1.4 percent this month, following a 1.7 percent advance in February.

Economists had predicted inflation would increase 0.1 percent m-o-m and 1.4 percent y-o-y in March.

According to the report, food price growth accelerated to 3.7 percent y-o-y in March from 3.3 percent y-o-y in February, while energy prices fell 0.9 percent y-o-y after a 2.0 percent y-o-y climb in the previous month. Services costs rose 1.4 percent y-o-y in March, decelerating from 1.6 percent y-o-y in February.

Meanwhile, the harmonized index of consumer prices for Germany (HICP), which is calculated for European purposes, is expected to advance 0.1 percent m-o-m and 1.3 percent y-o-y.