India, March 31 -- Consumer price inflation in Germany slowed in March to its lowest level in four months as services cost growth eased further and energy prices fell at a steeper rate, boosting hopes that the European Central Bank will continue cutting interest rates this month.
The consumer price index rose 2.2 percent year-on-year following a 2.3 percent increase in each of the previous two months, preliminary data from Destatis showed on Monday. Inflation was the lowest since November when it was at the same level.
Core inflation, which excludes food and energy, eased to 2.5 percent from 2.7 percent. Among the main components, services inflation, that had been sticky for a long time, slowed sharply to 3.4 percent from 3.8 percent. Foo...