Frankfurt The inflation rate in Germany continued to fall slightly in April. Consumer prices increased by 7.2 percent compared to the same month last year. This was announced by the Federal Statistical Office on Friday based on a preliminary estimate.
Economists had previously expected a drop to this level. In March, the rate was 7.4 percent.
The number is an important indication of the inflation rate in the entire euro area, which the European statistical office Eurostat published on Tuesday. Before the Council meeting of the European Central Bank (ECB) next Thursday, investors are paying close attention to the new price development figures.
Experts expect the ECB to raise interest rates again – it would be the seventh in a row since the start of the hike cycle in summer 2022. It is unclear, however, whether the monetary watchdogs will raise interest rates by a quarter or half a percentage point.
More: ECB officials signal further rate hikes – scope open