Germany March Consumer Prices Rose in Line With Forecasts -- Update
--German consumer prices rose 1.7% on year by national
--Coronavirus restrictions caused pricing collection problems
again in March
--Consumer prices rose 0.5% on month by both national standards
and EU-harmonized standards
By Maria Martinez
German consumer prices rose in March, confirming preliminary
data, the German statistics office Destatis said Thursday.
On year, 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 prices of goods rose 1.9% year-on-year. Food prices rose
1.6% on year, with particularly higher prices for fruit and dairy
Energy-product prices were 4.8% higher than a year earlier.
Following the 0.3% rise in February, the year-on-year price
increase accelerated markedly and had an upward effect on the
inflation rate. Excluding energy prices, the inflation rate would
have been 1.4% in March instead of 1.7%.
The prices of services were up 1.6% in March compared with the
same month a year earlier, Destatis says.
The coronavirus pandemic and its related restrictions caused
pricing collection problems again in March as some products weren't
available in the market, the German statistics office said.
Write to Maria Martinez at email@example.com
(END) Dow Jones Newswires
April 15, 2021 02:33 ET (06:33 GMT)
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