German inflation creeps up to 2.4% in April

German inflation rose slightly in April due to higher food prices and a smaller drop in

energy prices than in previous months.

Commerzbank economist Ralph Solveen commented: “The downward trend in the

German inflation rate that has been observed for a year and a half may have come

to an end for the time being”

Chief economist at Hauck Aufhaeuser Lampe Privatbank also observed that: “The

uneasy feeling of unpleasant inflation surprises remains.”

While there was a small increase in headline inflation, core inflation, which excludes

volatile food and energy prices, eased to 3.0% in April from 3.3% in March.