Germany: Inflation rises in April
April 27, 2017
Consumer prices in Germany remained unchanged over the previous month in April, according to preliminary data released by the Federal Statistics Office (Destatis) on 27 April. The result came in below March’s 0.2% uptick.
The rise in inflation observed in recent months resumed in April after a blip in March. Inflation increased from 1.6% in March to 2.0% in April, overshooting market expectations of a softer 1.9% reading. Meanwhile, annual average inflation edged up from 0.9% in March to 1.1% in April.
Harmonized inflation also accelerated in April, rising to 2.0% from March’s 1.5%, while average HICP inflation rose to 1.0% from 0.8% in March.
Author: Christopher Mc Innes, Economist