By Maria Martinez
German consumer prices rose in March, confirming preliminary data, the German statistics office Destatis said Thursday.
On a year-on-year basis, consumer prices rose 1.7% measured by national standards, in line with the forecasts of economists polled by The Wall Street Journal.
Consumer prices rose 2.0% on year by European Union-harmonized standards, also in line with forecasts.
Consumer prices rose 0.5% on month by both national standards and EU-harmonized standards. Economists polled by The Wall Street Journal had forecast that prices would rise 0.5% by national and EU-harmonized standards on month.
The coronavirus pandemic and its related restrictions caused pricing collection problems again in March as some products weren't available in the market, Destatis said.
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(END) Dow Jones Newswires