Germany: Inflation picks up in April
April 29, 2015
Consumer prices in April fell 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 April. The result contrasted March’s 0.5% increase.
Headline inflation inched up from March’s 0.3% to 0.4% in April, the highest reading in five months. Nevertheless, annual average inflation declined from March’s 0.6% to 0.4% in April, the lowest reading since June 2010.
Meanwhile, HICP inflation, which is based on the harmonized index of consumer prices, rose from March’s 0.1% to 0.3% in April. Annual average HICP inflation inched down from 0.5% in March to 0.4% in April.