German inflation drops to 3 1/2 year low

|By:, SA News Editor

German inflation has slipped to its lowest level since August 2010, falling to 1% on year in March from 1.2% in February.

On month, CPI rose 0.3% vs +0.5%.

HICP +0.3% on month vs +0.5% previously. On year, HICP +0.9% vs +1%.

All the figures were in line with consensus.

The decline in inflation was again mainly due to a drop in prices for mineral oil products. Excluding heating and motor fuels, inflation was 1.3% on year.

DAX futures are +0.2, while the euro is flat at $1.3891. (PR)

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