Posted 4/2/2024, 1:14:37 PM
German Inflation Cools to Lowest Since 2021 as Energy Prices Ease
- Inflation in Germany dropped to 2.2% year-on-year in March, the lowest since April 2021
- The decrease was driven by falling energy prices, down 2.7% despite the end of price caps
- An economist said inflation could drop to 2% next month before rising slightly again
- The cooling inflation could suggest the ECB's interest rate hikes are taking effect
- ECB President Lagarde warned against risk of acting "too late" to lower rates amid high inflation
