By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany were confirmed to have risen in March by 1.7% on the year, according to the German Federal Statistical Office on Thursday.
The increase was the fastest since 1.7% in both January and February of last year, and represented a clear pick-up of the pace of price growth after February’s 1.3%, January’s 1.0% and negative annual readings in each of the last four months of last year.
On the month, the preliminary German CPI estimate of 0.5% in March was also confirmed, as were the harmonized readings of 2.0% on the year and 0.5% on the month.
Goods inflation registered 1.9% on the year in March, with energy prices up 4.8% and food up 1.6%.
Inflation without energy products came in at 1.4%.
The increase was the fastest since 1.7% in both January and February of last year, and represented a clear pick-up of the pace of price growth after February’s 1.3%, January’s 1.0% and negative annual readings in each of the last four months of last year.
On the month, the preliminary German CPI estimate of 0.5% in March was also confirmed, as were the harmonized readings of 2.0% on the year and 0.5% on the month.
Goods inflation registered 1.9% on the year in March, with energy prices up 4.8% and food up 1.6%.
Inflation without energy products came in at 1.4%.
