Consumer prices in Germany have risen slightly again in March compared to the previous month. The Federal Statistical Office confirmed the already provisionally reported inflation of 0.3 percent.
Especially expensive food and higher prices of package holidays pushed the inflation in the Easter month again something after found no increase in the price level more in February had been. The year-related inflation, despite the slight increase is still far from the target of just below 2 percent, in which the European Central Bank (ECB) maintained price stability looks.
Furthermore, curbing effect that within a year by 8.9 percent lower energy prices. Without it, the inflation rate would have been 1.4 percent, much higher, explained statisticians in Wiesbaden
In order to increase but also contributed seasonal effects in. Due to the early Easter significantly higher prices of package holidays were in March ( +7.1 percent) registered a year ago. Also food (+1.3 percent), jewelry and watches (+4.7 percent) and newspapers and magazines (+4.4 percent) cost more. The large output block of the net cold rent by contrast, went to only 1.1 percent. Individual goods and services were also cheaper.
However, the inflation-dampening effect of low energy prices weaken further. As the prices of fuels and heat energy have attracted currently playing, the consumer price index rose for March in the short-term compared to February 2016 significantly by 0.8 percent. For the current year experts therefore expect as KfW Chief Economist Jörg Zeuner again rising inflation that could reach the 2 percent mark at the end.
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