Inflation hits lowest level since 2010

Inflation hits lowest level since 2010
Photo: DPA
The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.

The cost of living rose by one percent in March, down from 1.2 percent in February, the federal statistics office Destatis said in a statement.

The last time inflation in Europe's biggest economy was lower was in June 2010.

Using the Harmonized Index of Consumer Prices (HICP), the European Central Bank's inflation yardstick, inflation in Germany stood at 0.9 percent in March, down from one percent in February.

The ECB defines price stability as increases in the harmonized index of close to but just below two percent.

The final data confirm a preliminary estimate released at the end of March.

SEE ALSO: Germany economy grows faster than expected

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