German April inflation confirmed at 2.9%

(Sharecast News) - German inflation was confirmed at 2.9% in April, the federal statistics office said on Tuesday.

Inflation on a harmonised to compare with other European Union countries, stood at 2.8% year-on-year in March.

The rise was due to higher energy prices on the back of supply disruptions linked to the conflict in the Middle East, though core inflation dropped to its lowest in nearly five years.

While that was under the 3.0% expected by economists, it was still the highest rate of price growth since January 2024.

Reporting by Frank Prenesti for Sharecast.com