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

01 May '24

1 min read

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

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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.

The consumer price index (CPI)-based inflation rate in Germany is estimated to be 2.2 per cent in April this year, according to the Federal Statistical Office (Destatis).

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.

ALCHEMPro News Desk (DS)

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