By Maria Martinez 
 

German consumer prices decelerated in March, driven by the sharp drop in energy prices.

Consumer prices rose 0.1% on the month in March, measured by both national standards and European Union-harmonized standards, the Federal Statistical Office said Monday. This is in line with the forecasts of economists polled by The Wall Street Journal.

Consumer prices were up 1.4% on year according national standards and by 1.3% by European Union-harmonized standards. The German inflation rate is at its lowest level since November 2019.

Economists in a survey by The Wall Street Journal had forecast a 1.4% increase in both national standards and EU-harmonized prices.

The final results for March will be released on April 16.

Write to Maria Martinez at maria.martinez@wsj.com

(END) Dow Jones Newswires

March 30, 2020 08:26 ET (12:26 GMT)

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