Germany's inflation unexpectedly accelerated further in April to set a new high in over four decades, driven by runaway energy prices and increased production costs due to supply bottlenecks in the backdrop of the Russia's invasion of Ukraine.
The flash consumer price index rose 7.4 percent year-on-year following a 7.3 percent increase in the previous month, preliminary estimates from Destatis showed Thursday. Economists had expected annual inflation to slow to 7.2 percent.
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by Jyotsna V
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