Germany: Annual CPI rises by 1.1% in April

FXstreet.com (Barcelona) - According to data released today by Destatis, German annual inflation rose 1.1% in April, following 1.4% growth registered the previous month. This result is almost in line with analysts' forecasts of +1.2%. On a monthly basis German CPI fell 0.5% in April, after climbing 0.5% in March, as expected.

Year-over-year German HICP rose 1.1% in April, down from 1.8% in March. On a monthly basis HICP declined 0.5% in April, compared with a 0.4% increase in March. Both results are in line with expectations.