The German inflation rate remained stable in April. Goods and services cost an average of 2.2 percent more than a year earlier, as the Federal Statistical Office announced.
In March, the inflation rate had already fallen to 2.2 percent, its lowest value in almost three years. From March to April, prices rose slightly by 0.5 percent. Economists had expected an increase to 2.3 percent.
According to the information, food prices rose by 0.5 percent year-on-year. Energy prices fell by 1.2 percent compared to April 2023, although the temporary reduction in VAT for gas and district heating from 19 to seven percent had expired. Services, on the other hand, became significantly more expensive in April: prices rose by 3.4 percent.
This article will continue to be updated.
The German inflation rate remained stable in April. Goods and services cost an average of 2.2 percent more than a year earlier, as the Federal Statistical Office announced.
In March, the inflation rate had already fallen to 2.2 percent, its lowest value in almost three years. From March to April, prices rose slightly by 0.5 percent. Economists had expected an increase to 2.3 percent.
According to the information, food prices rose by 0.5 percent year-on-year. Energy prices fell by 1.2 percent compared to April 2023, although the temporary reduction in VAT for gas and district heating from 19 to seven percent had expired. Services, on the other hand, became significantly more expensive in April: prices rose by 3.4 percent.