German inflation rate falls to lowest level in 3 yrs

BERLIN, April 2 (Xinhua) -- The German inflation rate fell to 2.2 percent in March, marking the lowest level since April 2021, according to preliminary figures released by the Federal Statistical Office (Destatis) on Tuesday.

The decline indicates a continued easing of price pressure. In March, energy and food prices declined by 2.7 and 0.7 percent year-on-year, respectively. Energy prices, the main drivers of the country's inflation last year, have fallen recently, while food prices witnessed their first decline since 2015.