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European Economic News

German Output Price Inflation Slows To 22-Month Low

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's producer price inflation slowed to the lowest level in twenty-two months in April, data released by the Federal Statistical Office showed Friday.

The output price inflation eased to 2.4 percent in April from 3.3 percent in March, while economists expected inflation to slow to 2.5 percent. The growth rate for April was the smallest since June 2010, when output prices increased 1.7 percent.

Energy prices advanced 4.5 percent annually during the month, while consumer goods prices moved up 3.4 percent. There was a 0.6 percent year-on-year increase in intermediate goods prices.

Month-on-month, the producer price index moved up 0.2 percent in April, following the previous month's 0.6 percent growth. Economists were looking for a 0.3 percent monthly gain.

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