Germany's CPI inflation rate estimated 2.2% in Apr 2024
01 May 24 1 min read
Insights
- Germany's CPI inflation rate is estimated to be 2.2 per cent in April this year, official data indicate.
- 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.
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.
- Price expectations in Germany rise slightly in May 2024
- US’ scrutiny of Chinese imports & tariffs threaten inflation battle
- Germany’s real GDP expected to grow by 0.2% in 2024: IMF
- China’s economy projected to grow by 5% in 2024, 4.5% in 2025: IMF
- Australia’s CPI increases 3.6% in April 2024
- Vietnam’s May CPI up 0.05% MoM, 4.44% YoY: GSO
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)
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