Allemagne Taux d'inflation

Germany’s consumer prices inflation was confirmed at 2.2% in March 2024, down from 2.5% in the previous month. It was the lowest rate since May 2021, nearing the European Central Bank’s target of 2.0%. Food prices declined for the first time since February 2015 (-0.7% vs 0.9% in February), while the ongoing deflation for energy accelerated (-2.7% vs -2.4%). Furthermore, the goods inflation eased sharply to 1.0% compared to 1.8% in February. On the other hand, the services inflation rose faster to 3.7% from 3.4% previously. Core inflation, excluding volatile items like food and energy, edged down to 3.3% in March, its lowest level since June 2022. Monthly, the CPI grew 0.4%, the same pace as in the prior period. Meanwhile, the EU-harmonized rate fell to 2.3%, the lowest level in nearly three years and slightly below the market estimates of 2.4%