GERMANY – The German annual inflation rate has eased as consumer prices rose by 2.1% in April, just as estimated according to the official data released on Wednesday. The figure dropped from the previous month’s 2.2% to mark the lowest level since October 2024, as per to Destatis data.
It was at 2.3% in February and January, falling from a 14-month high of 2.6% in December.
The markets expected the figure to rise by 2.1% on an annual basis in April.
A significant fall in energy prices drove the overall easing in the annual inflation.
The price of energy products saw a decline of 5.4% in April year-on-year.
Meanwhile, above-average increases in service and food prices continued to drive up inflation with increases of 3.9% and 2.8%, respectively.
The inflation rate excluding food and energy, often referred to as core inflation, also rose 2.9% in April on an annual basis.
Compared with March, consumer prices increased by 0.4% in April on a monthly basis, which is also in line with market forecasts.