Annual inflation in Germany in April remained at the level of 1.6%

Investing.com – In April 2018, consumer prices in Germany, calculated according to national standards, increased by 1.6% compared to the same month in 2017, according to the final data of the Federal Statistical Office of the country (Destatis). In March, annual inflation was also 1.6%.

Relative to the previous month, prices have not changed.

Both indicators coincided with both preliminary data and forecasts of analysts.

Prices for drinks and food products in April rose by 0.1% compared with March and by 3.3% in annual terms. Prices for alcohol and tobacco increased by 1.4% per month and by 4.1% – for the year. Clothing and footwear went up by 0.6% per month and fell 0.1% in annual terms. Services have become cheaper by 0.6% per month and more expensive by 1.5% – in annual terms.

Consumer prices calculated according to the standards of the European Union, last month increased by 1.4% in annual terms and decreased by 0.1% per month. Both indicators coincided with both analysts’ expectations and preliminary data.