German inflation higher in March – data

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FRANKFURT: Inflation in Germany edged higher in March, with rising prices for food, services and rents offsetting falling energy prices, final data showed on Tuesday.

Germany’s national inflation yardstick, the consumer price index, rose by 0.3 percent in March after zero percent in February, the federal statistics office Destatis said.

And using the Harmonised Index of Consumer Prices (HICP) — the barometer used by the European Central Bank — the inflation rate stood at plus 0.1 percent in March, compared with minus 0.2 percent in February.

The final data confirmed a preliminary flash estimate released at the end of last month.
AFP


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