Wiesbaden (TEH) – Price inflation in Germany has slowed in the midst of the corona crisis. In March, the annual inflation rate was 1.4 percent, according to the Federal Statistical Office based on initial data.
In January and February, consumer prices were still up 1.7 percent year-on-year.
Household energy and fuel became 0.9 percent cheaper within a year. With the economic stagnation in many countries largely, the demand for crude oil also decreases. The result: prices fall. There is also a price war between important oil-producing countries. In contrast, consumers had to pay 3.7 percent more for food than a year earlier.
According to the first data, consumer prices rose by 0.1 percent compared to February.