Germany's inflation may fall to 7.4% in March 2023

Consumer prices are expected to increase by 0.8 per cent compared to February 2023. The decrease in the inflation rate can be attributed to the measures taken by the federal government's third relief package, which have reflected in the consumer price index, as per Destatis.

Energy prices, which have been a major factor in the inflation rate, increased considerably since the war in Ukraine started. However, in March 2023, the provisional increase in energy prices slowed considerably to 3.5 per cent, after soaring in March 2022 due to Russia's attack on Ukraine. In February 2023, energy prices had increased by 19.1 per cent compared to February 2022.

ALCHEMPro News Desk (DP)