German inflation hits three-year low in March

Friday 11 April 2014 07.13
The cost of living rose by 1% on a 12-month basis in Germany last month
The cost of living rose by 1% on a 12-month basis in Germany last month

The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed today.
 
The cost of living rose by 1% on a 12-month basis last month - down from 1.2% in February, the federal statistics office Destatis said in a statement.

The last time inflation in Europe's biggest economy was lower was in June 2010.

Using the Harmonised Index of Consumer Prices (HICP), the European Central Bank's inflation yardstick, inflation in Germany stood at 0.9% in March, down from 1% in February. 

The ECB defines price stability as increases in the harmonised index of close to but just below 2%. The final data confirm a preliminary estimate released at the end of March. 

The ECB defines price stability as increases in the harmonised index of close to but just below 2%. The final data confirm a preliminary estimate released at the end of March.