Inflation in Europe’s largest economy decelerated more than forecast in March.
Consumer-price growth in Germany slowed to 1.5 percent from 2.2 percent the previous month, the Federal Statistical Office said on Thursday, marking the first weakening since August 2016. Economists had forecast inflation of 1.9 percent.
The decline partly reflects the timing of the Easter holiday, which was in March in 2016, and may be a precursor to softer euro-area numbers, which are due on Friday. Consumer-price growth in Spain also weakened more than expected in March, according to data published Thursday, with a slowdown to 2.1 percent from 3 percent last month.