Notizie economiche
29.04.2024

Germany’s annual CPI rises 2.2 per cent in April

Germany's Federal Statistical Office (Destatis) reported on Monday the country’s consumer price index (CPI) is estimated to jump 0.5 per cent m-o-m in April, after climbing 0.4 per cent m-o-m in March. That would mark the strongest monthly gain in the index since March 2023 (+0.8 per cent m-o-m).

On a y-o-y basis, Germany’s CPI is seen to climb 2.2 per cent in April, the same pace in the previous month. 

Economists had forecast CPI would surge by 0.6 per cent m-o-m and by 2.3 per cent y-o-y in April.

According to the report, energy prices fell by 1.2 per cent y-o-y this month, slowing from a decline of 2.7 per cent y-o-y in March. Meanwhile, the food prices rose by 0.5 per cent y-o-y after a decrease of 0.7 per cent y-o-y in the previous month. The services costs increased by 3.4 per cent y-o-y, decelerating from 3.7 per cent y-o-y in the previous month.

The harmonized index of consumer prices for Germany (HICP), which is calculated for European purposes, is estimated to soar by 0.6 per cent m-o-m and by 2.4 per cent y-o-y. Economists had predicted advances of 0.6 per cent m-o-m and 2.3 per cent y-o-y for April. In March, the German HICP climbed by 0.6 per cent m-o-m and 2.3 per cent y-o-y.

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