Thursday, Germany's Federal Statistical Office said in a final report that the consumer price index, or CPI, rose 0.5% year-on-year in March, slower than the 1% increase in the previous month. This was the lowest inflation since July 1999.

Compared with February, the CPI dropped 0.1% in March, in contrast to a 0.6% rise seen in the preceding month.

The harmonized index of consumer prices, or HICP, grew 0.4% annually in March, after rising 1% in February. On a monthly basis, the HICP was down 0.2%.

Thus, the statistical office confirmed its preliminary estimate released on March 27.

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