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Home International Customs Germany

German inflation rises to 2.1% in April, above ECB target

byadmin
01/05/2019
in Germany
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According to preliminary data released by Germany’s Federal Statistics Office (Destatis) on Tuesday, consumer prices rose by 2.1% year-on-year after an increase of 1.4% in the previous month.

Market analysts had forecast a 1.7% increase.

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Inflation in the eurozone is expected to fall over the course of the year, due to a slowdown in global growth and a rise in energy prices.

Economists expect annual eurozone inflation to rise to 1.6% when figures are announced on Friday.

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