Germany: Annual CPI accelerates to 1.3% in April

FXStreet (Łódź) - According to data released today by Destatis, German annual inflation rose 1.3% in April, following 1% growth registered the previous month. This result is in line with analysts' forecasts. On a monthly basis German CPI fell 0.2%, after rising 0.3%, as expected.

Year-over-year German HICP grew 1.1% in April, up from 0.9% in March. On a monthly basis HICP declined 0.3%, following a 0.3% increase.