The inflation in Germany, measured by Consumer’s price index (IPC), rose 0.7% in April, according to preliminary data. The data was above the consensus that was for a rise of 0.5%. Compared to a year ago, the increase was 2%, higher than the 1.9% expected.
More details in the publication revealed that the Harmonized Index of Consumer Prices (HICP), the inflation indicator preferred by the European Central Bank, rose at a rate of 2.1% annually, higher than the 2% expected.
Prior to this data, there had been a higher than expected rise in consumer confidence indicators in the Eurozone. The euro was not significantly affected by either of the two reports.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
