BERLIN, Apr 15 (Reuters): German inflation eased in March, adding to the signs that euro zone price pressures are abating and increasing the pressure on the European Central Bank to start cutting interest rates.
Inflation in Europe's largest economy slackened to 2.3 per cent helped by lower food and energy prices, final data from the federal statistics office showed on Friday. This is its lowest level since June 2021.
German consumer prices, harmonised to compare with other European Union countries, had risen by 2.7 per cent year-on-year in February.
"Inflation is weakening. We should therefore continue our fiscal policy, including the debt brake," German Finance Minister Christian Lindner said on social media platform X.
The debt brake, enshrined in the German constitution, restricts the public deficit to 0.35 per cent of gross domestic product.
German inflation eases to lowest in almost 3 years
FE Team | Published: April 15, 2024 22:38:28
German inflation eases to lowest in almost 3 years
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