The Federal Statistical Office (Destatis) reported on Thursday that the inflation rate in Germany is expected to slow to 1.3 percent y-o-y in March from 1.5 percent in February.

Economists expect the rate of inflation to be 1.6 percent y-o-y.

According to the report, energy inflation accelerated to 4.5 percent y-o-y this month from 2.9 percent y-o-y in February, while food price growth slowed to 0.7 percenty-o-y from 1.4 percent y-o-y.

Compared to the previous month, the CPI is seen to increase by 0.4 percent in March, the same pace as in February.

Economists forecast a 0.6 percent m-o-m gain. 

The harmonised index of consumer prices for Germany, which is calculated for European purposes, is estimated to increase by 1.5 prercent y-o-y and 0.6 percent m-o-m.