Germany's CPI inflation rate estimated 2.2% in Apr 2024

Consumer prices during the month are expected to have risen by 0.5 per cent on March.

The core inflation rate (excluding food and energy) is expected to be 3 per cent.

Energy prices in April were 1.2 per cent lower than in the same month a year earlier despite the discontinuation of the brake on energy prices as of January 2024, the introduction of a higher carbon price also from January 2024 and the end of the temporary value-added tax reduction from 19 per cent to 7 per cent for gas and district heating in April.

Consequently, energy prices were substantially lower in April again than the general rate of inflation, a Destatis release said.

The final results for April will be released on 14 May.

Fibre2Fashion News Desk (DS)