• Germany’s annual inflation decelerates to 1.4 percent in March

Notícias do Mercado

30 março 2020

Germany’s annual inflation decelerates to 1.4 percent in March

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.

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