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German wholesale price inflation exceeds forecasts

Published 05/11/2010, 03:14 AM
EUR/USD
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Investing.com – Wholesale price inflation in Germany exceeded forecasts in April, the German Federal Statistical Office said in a report on Tuesday.

The office said its wholesale price index for the country, a leading indicator of consumer inflation, rose 1.7% month-on-month in April, after a rise of 1.3% in March. Economists had only expected a rise of 0.3% in April.

The WPI rose 6% year-on-year in April, the office added.

Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.45% to reach 1.273.


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