German Inflation Confirmed at 2.0% Y/Y in April

12 May 2021

By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany were confirmed to have risen in April by 2.0% on the year, according to the German Federal Statistical Office on Wednesday.

The increase was the highest since April 2019 and represented another pick-up of the pace of price growth after March’s 1.7%, February’s 1.3%, January’s 1.0% and negative annual readings in each of the last four months of last year.

On the month, the preliminary German CPI estimate of 0.7% in April was also confirmed, as were the harmonized readings of 2.1% on the year and 0.5% on the month.

Goods inflation registered 2.6% on the year in April, with energy prices up 7.9% and food up 1.9%.

Inflation without energy products came in at 1.4%.