The German wholesale price index fell another 0.9% in March, after posting a 0.1% decline in the previous month, despite a 0.3% drop projected by the economists, which reinforces the European Central Bank’s dovish outlook for price growth. Meanwhile, the annualized figure slipped 8.0% from the previous year, which is the largest decline since January 1987, and as price pressures continue to falter, the ECB is likely to ease policy further as price growth falls well below the 2% target for inflation.