By Maria Martinez

 

German consumer prices rose in March, confirming preliminary data, the German statistics office Destatis said Thursday.

On a year-on-year basis, consumer prices rose 1.7% measured by national standards, in line with the forecasts of economists polled by The Wall Street Journal.

Consumer prices rose 2.0% on year by European Union-harmonized standards, also in line with forecasts.

Consumer prices rose 0.5% on month by both national standards and EU-harmonized standards. Economists polled by The Wall Street Journal had forecast that prices would rise 0.5% by national and EU-harmonized standards on month.

The coronavirus pandemic and its related restrictions caused pricing collection problems again in March as some products weren't available in the market, Destatis said.

 

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

 

(END) Dow Jones Newswires

April 15, 2021 02:18 ET (06:18 GMT)

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