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German Inflation Slows In April

Germany's EU harmonized annual inflation slowed in April, preliminary data released by the Federal Statistical Office showed Thursday.

The harmonized index of consumer prices (HICP) advanced 2.2 percent annually in April, in line with economists' forecast. In March, the year-on-year rate of growth was 2.3 percent.

On a monthly basis, the HICP advanced 0.2 percent in April, after rising 0.4 percent in the previous month. Economists were looking for a 0.1 percent rise.

At the same time, the consumer price inflation slowed modestly to 2 percent in April from 2.1 percent in March. Economists were looking for an inflation rate of 2 percent.

Month-on-month, consumer prices moved up at a slower pace of 0.1 percent in April than the previous month's 0.3 percent. The latest growth rate matched economists' expectations.

by RTT Staff Writer

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