Consumer price inflation in Germany slowed in March to its lowest level in four months as services cost growth eased further and energy prices fell at a steeper rate, boosting hopes that the European Central Bank will continue cutting interest rates this month.
The consumer price index rose 2.2 percent year-on-year following a 2.3 percent increase in each of the previous two months, preliminary data from Destatis showed on Monday. Inflation was the lowest since November when it was at the same level.
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by Jyotsna V
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