German inflation slows in April

A number of Germany’s regions had reported broadly steady inflation on the

non-harmonised headline measure, which also came in flat at 1.6 percent.

Price growth in Saxony clocked in at 1.6 per cent in April on a year-on-year basis

from 1.5 per cent in March.

The pace was steady in Bavaria and Baden-Württemberg at 1.7 per cent, but

slipped from 1.6 to 1.5 per cent in North Rhine-Westphalia.

Inflation across the eurozone has remained consistently below the ECB’s target of

just under 2 per cent, even as the bloc has decisively emerged from an era of

deflatio