In March, Germany's inflation slowed to 2.3% from 2.7% in February, primarily due to food costs.
Germany's inflation slowed for the third consecutive month in March, falling to 2.3% from 2.7% in February. Food costs were a significant factor in the slowdown, contributing to a decline in the European Central Bank's (ECB) path to reaching the 2% target. Despite this, the overall trend is weakening, allowing the ECB to prepare investors for a potential reduction in borrowing costs in June. Euro-zone inflation data, set to be released Wednesday, is expected to show a dip to 2.5%.
April 02, 2024
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