German Inflation Slows Unexpectedly After Economy Stagnated
- Consumer prices grew 7.6% from year ago in April; est. 7.8%
- Recession avoided but output was weaker than forecast in 1Q
A delivery driver for a supermarket unloads from a truck in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German inflation unexpectedly eased in April after the economy struggled at the start of 2023, adding to a mixed bag of data for the European Central Bank to ponder before next week’s interest-rate decision.
Consumer prices climbed 7.6% from a year ago — down from March’s 7.8% pace, which economists estimated would be maintained.