2024-04-15 16:50:14
Annual inflation in Germany was 2.2% in March, the lowest level since May 2021, confirmed this Friday by the German federal statistics agency (Destatis), which had already estimated this number based on provisional data.
Compared to February, consumer prices increased by 0.4% in March.
The value shows a downward trend, after inflation was 2.9% in January and 2.5% in February. “The inflation rate fell again. Energy and food prices were again a moderating factor for the second month in a row”, said Destatis president, Ruth Brand.
Energy prices decreased by 2.7% compared to March 2023 and the decline, of 4.6%, was particularly evident in domestic consumption.
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Electricity prices decreased by 8.1% and gas prices by 9.2%.
Fuels, on the other hand, increased by 0.3%, heating oil by 0.4% and prices for district heating systems rose by 20.6%.
Excluding the impact of food and energy, underlying inflation in Germany stood at 3.3%, a tenth of a percentage point lower than in February.
2024-04-15 16:50:14