Germany’s [B]Wholesale Price Index[/B] is expected to shrink for the 8th consecutive month in March, showing the annual pace of decline accelerated to -0.3% from -0.1% in the preceding month. The metric measures the prices retailers pay to producers for finished goods, with continued weakness likely to spill over into consumer inflation as stores pass on lower wholesale costs through discounts on the final price tag. The Consumer Price Index fell to the lowest in a decade in the year to March. Despite tumbling prices and deepening recession across the Euro region, the European Central Bank cut interest rates less than economists expected earlier this month, although bank president Trichet did say that rates had not reached “the lowest limit” and revealed that “the Governing Council intends to decide on further non-standard measures at our next monetary policy meeting”.