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German inflation inches higher in March

German consumer prices rise by 0.3% in March
German consumer prices rise by 0.3% in March

Inflation in Germany edged higher in March, with rising prices for food, services and rents offsetting falling energy prices, final data showed today. 

Germany's national inflation yardstick, the consumer price index, rose by 0.3% in March after 0% in February, the federal statistics office Destatis said. 

Using the Harmonised Index of Consumer Prices (HICP) - the barometer used by the European Central Bank - the inflation rate stood at 0.1% in March, compared with -0.2% in February.  

The final data confirmed a preliminary flash estimate released at the end of last month.