Investing.com - Consumer price inflation in Germany slowed more-than-expected in April, hitting the lowest level since September 2010, official preliminary data showed on Monday.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.2% in April, compared to expectations for a 1.4% increase.
Consumer prices rose by 1.4% in March.
Month-over-month, German consumer prices fell 0.5% in April, compared to forecasts for a 0.2% decline, after rising by 0.5% in the preceding month.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD adding 0.56% to trade at 1.3104.
Meanwhile, European stock markets held on to gains. Germany's DAX rose 0.3%, the EURO STOXX 50 advanced 0.6%, France’s CAC 40 added 0.7%, while London’s FTSE 100 eased up 0.1%.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.2% in April, compared to expectations for a 1.4% increase.
Consumer prices rose by 1.4% in March.
Month-over-month, German consumer prices fell 0.5% in April, compared to forecasts for a 0.2% decline, after rising by 0.5% in the preceding month.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD adding 0.56% to trade at 1.3104.
Meanwhile, European stock markets held on to gains. Germany's DAX rose 0.3%, the EURO STOXX 50 advanced 0.6%, France’s CAC 40 added 0.7%, while London’s FTSE 100 eased up 0.1%.