BERLIN, April 2 German annual inflation eased in
line with forecasts, coming in below the European Central Bank's
(ECB) target for price stability for a third straight month,
preliminary data showed on Tuesday.
Consumer prices rose by 1.4 percent on the year in March,
its smallest increase since December 2010, data from the
Statistics Office showed. The ECB targets an inflation of just
below 2 percent for the euro zone as a whole.
The acceleration in prices was slightly below February's 1.5
percent yearly rate of inflation and in line with the consensus
forecast in a Reuters poll of 29 economists.
On a monthly basis, German prices inched up by 0.5 percent
in March, after rising by 0.6 percent in February. The increase
was slightly above a Reuters consensus forecast for a 0.4
Consumer prices harmonised to compare with other European
Union countries showed a monthly gain of 0.4 percent and an
annual rise of 1.8 percent.
Final German price data for March are due to be released on
April 11, the Office said.