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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