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Financial News: Germany's Inflation Eases To 4-Month Low

Germany's Inflation Eases To 4-Month Low

03/30/2017 - 08:24:00 (RTTNews)

(RTTNews) - German inflation slowed to a four-month low in March, preliminary figures from Destatis showed Thursday.

The flash consumer price inflation eased more-than-expected to 1.6 percent from a 54-month high of 2.2 percent in February.

Prices were expected to climb 1.8 percent. The March inflation was the weakest since November 2016.

The harmonized index of consumer prices, or HICP, advanced 1.5 percent year-on-year in March, slower than the 2.2 percent increase in February and the expected 1.9 percent growth.

Flash data showed that energy inflation eased notably to 5.1 percent from 7.2 percent. Likewise, food inflation slowed to 2.3 percent from 4.4 percent.

Month-on-month, the consumer price index gained 0.2 percent in March, much slower than the 0.4 percent rise economists had forecast. Similarly, the HICP edged up 0.1 percent on month versus the expected rise of 0.5 percent.

The final results for March will be issued on April 13.

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