German Consumer Prices Rise in March

Consumer prices in Germany rose slightly more than expected during March on higher gasoline and electricity prices, the Federal Statistics Office said Monday, confirming its previously released initial estimates.

The agency said that consumer prices in Europe's largest economy fell to 0.3% in March from February's level of 0.4% but were up 1.9% compared to March 2006 when the consumer price index, or CPI, was at 1.6%.

Using harmonized European Union standards, Destatis said CPI rose 0.2% from February and was up 2% on the year.