Annual inflation in Germany slowed to 2.2%

Annual inflation in Germany slowed to 2.2%
Annual inflation in Germany slowed to 2.2%

Published: 2024-04-02 17:23

Berlin. Photo by Linas Butkaus (V).

Annual inflation in Germany fell to 2.2% in March from 2.5% in summer, the Federal Statistical Office (Destatis) announced on Tuesday, based on preliminary data.

The new indicator will come even closer to the European Central Bank’s 2% target limit, the lowest since May 2021.

Goods went up by 1% during the year, services by 3.7%. Last month, for the first time since February 2015, a negative change in the price of food products was recorded during the year, it decreased by 0.7%.

In the past month alone, beer consumption has become more expensive by 0.4%.

Base-year inflation, which excludes price-volatile commodity groups such as food products and energy resources, rose to 3.3% within months, reaching the lowest since April 2022.

Germany’s consumer price index adjusted to other EU member states rose by 0.6% per month and 2.3% per year in March.

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Topic Business environment

The article is in Lithuanian

Tags: Annual inflation Germany slowed


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