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German inflation rises 0.3% in March

 

30 March, 2015

by Investing.com

 

Consumer price inflation in Germany increased broadly in line with market expectations in March, easing concerns over the risk of deflation in the euro area, official preliminary data showed on Monday.

 

In a  report, the  German  Federal  Statistics  Bureau  said  consumer  price  inflation  accelerated  at  an annualized rate of 0.3% this month, meeting forecasts and compared to a reading of 0.1% in February.

 

Month - over - month, German  consumer prices rose 0.5% in March, also in line with expectations, after climbing 0.9% in the preceding month.

 

EUR/USD was trading at 1.0835 from around 1.0837 ahead of the release of  the  data, while  EUR/GBP

was at 0.7328 from 0.7330 earlier.

 

Meanwhile,  European  stock  markets  were  broadly  higher. Germany's  DAX jumped 1.3%, the EURO STOXX 50 rose 1.05%, France’s CAC 40 tacked on 0.9%, while London’sFTSE 100 inched up 0.2%