Inflation & Prices
German Inflation Ticks Up Again as Energy Support Ends
- Consumer prices rose 2.4% from year ago in April; est. 2.3%
- Officials have warned of an uneven path to 2% inflation goal
Policymakers are particularly focused on domestic services prices, where growth has remained stubborn in recent months.
Photographer: Andre Pain/AFP/Getty Images
This article is for subscribers only.
German inflation accelerated for the first time since December, highlighting warnings by the European Central Bank that there’ll be bumps on the path back to the 2% target.
Price growth came in at 2.4% in April, while economists polled by Bloomberg had expected it to remain steady at 2.3%. Energy was a key driver of the uptick.