German Consumer Price Index (CPI) preliminary reading showed a decline to 2.1% in the year ended March compared with a prior of 2.3% and estimates of 2.2%. On the month, the reading came in line with forecasts of 0.3%, below February's reading of 0.7%.

The EU harmonized reading reached 2.3% annually, similar to projections, from a prior of 2.5%. On the monthly basis, it also matched forecasts of 0.4%, below a previous of 0.9%.