German inflation eased in April, official figures showed on Wednesday, after energy prices cooled.
Source: Sharecast
According to Destatis, the Federal Statistical Office, the consumer price index ticked lower in April year-on-year, to 2.1% from 2.2% in March and 2.3% in February. The print was in line with expectations.
Month-on-month, inflation was 0.4%.
Destatis said energy prices, which fell 5.4% year-on-year, had a “significant” downward effect on the rate.
Motor fuel prices fell 8.3%, while household energy was down 3.4% and heating oil slid 12.8%.
In contrast, food prices rose 2.8%, although that was a slower increase than the 3% seen in March.
Once the more volatile food and energy elements were stripped out, inflation stood at 2.8%.
The annual harmonised index of consumer prices was 2.2%, while the month-on-month rate was 0.5%.
All Eurozone countries use the same methodology to calculate HICP.
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