German Inflation: A Surprising Slowdown in March

In March, German inflation eased more than expected, dropping to 2.3% from February's 2.6%. Analysts had anticipated a March rate of 2.4%. This decrease was highlighted by preliminary data from the federal statistics office, which showed inflation trends harmonized with other EU countries.

German inflation showed unexpected moderation in March, reporting a decrease that surpassed initial forecasts. The federal statistics office in Germany released preliminary figures showing a 2.3% rise in consumer prices.

This rate is lower than the 2.4% anticipated by Reuters' analysts, who based their predictions on the previous month's 2.6% increase.

The data, harmonised with European Union standards for comparison purposes, indicates a softening of price pressures in Europe's largest economy.

(With inputs from agencies.)