EURO: German April inflation confirmed at 2.4%
The German Inflation for the month of April came at 2.4% and compare to 2.3% printed in the Euro zone. Core inflation rate stood at 3.0% in the April month. Inflation easing in Food, energy and Fuel makes ECB have the option soon to cut the rates in June or July month.
EURUSD is moving in Descending channel and market has reached lower high area of the channel
The Federal Statistics Office confirmed on Tuesday that German inflation in April stood at 2.4%, marking a slight increase from the previous month. This figure, harmonized to allow comparison with other EU countries, indicates a modest rise compared to March’s 2.3%, which was the lowest rate recorded in nearly three years.
Ruth Brand, the president of the Federal Statistics Office, noted that factors such as energy and food prices have contributed to tempering the inflation rate since January 2024. However, she pointed out that core inflation, which excludes food and energy prices, has been consistently higher than the overall inflation rate since the beginning of the year. In April, core inflation reached 3.0%, according to the data provided.
EURO: Confirmed: German Inflation at 2.2%
In April, German inflation registered at 2.4%, slightly surpassing the Eurozone’s figure of 2.3%. The core inflation rate for the same period stood at 3.0%. Notably, the easing of inflation in food, energy, and fuel sectors has prompted speculation that the European Central Bank (ECB) might consider cutting interest rates in either June or July. This adjustment could be in response to the subdued inflationary pressures, providing the ECB with a policy lever to stimulate economic activity.
EURCAD is moving in Ascending Triangle and market has reached resistance area of the pattern
Final data released by Destatis on Tuesday confirmed that Germany’s consumer price inflation remained unchanged from initial estimates in April.
The consumer price inflation rate held steady at 2.2 percent, mirroring the figure recorded in March. This aligns with the flash data reported on April 29.
April’s 2.2 percent inflation rate marks the lowest level since May 2021.
Conversely, EU harmonized inflation saw a slight uptick to 2.4 percent from the previously estimated 2.3 percent.
Data indicated that core inflation, which excludes food and energy prices, eased to 3.0 percent in April from 3.3 percent in March.
In terms of specific sectors, food prices experienced a 0.5 percent annual growth in April, rebounding from a 0.7 percent decline observed in the previous month.
Meanwhile, the decline in energy prices softened to 1.2 percent from March’s 2.7 percent decrease. Overall, prices of goods increased by 1.2 percent, while service prices were up by 3.4 percent.
Month-on-month, consumer prices rose by 0.5 percent in April, with the Harmonized Index of Consumer Prices (HICP) also climbing by 0.6 percent. These figures remain consistent with the initial estimates, showing no deviation.
EURO: Confirmed: German April Inflation at 2.4%
April saw German inflation reach 2.4%, slightly exceeding the Eurozone’s 2.3%. Concurrently, core inflation hit 3.0%. The easing inflation in food, energy, and fuel sectors has sparked speculation that the European Central Bank (ECB) might cut interest rates in June or July. This move could counter subdued inflationary pressures, offering the ECB a policy lever to bolster economic activity.
EURCHF is moving in box pattern
On Tuesday, the Federal Statistics Office confirmed that German inflation edged up to 2.4% in April, aligning with preliminary data.
Comparatively, German consumer prices, adjusted for harmonization with other European Union countries, had experienced a year-on-year increase of 2.3% in March, marking the lowest rate in nearly three years.
Ruth Brand, president of the Federal Statistics Office, noted that factors such as energy and food prices have contributed to tempering the inflation rate since January 2024. However, she pointed out that core inflation, which excludes food and energy prices, has consistently exceeded overall inflation since the beginning of the year, standing at 3.0% in April, according to the data.
For more detailed monthly data, the Statistics Office provides comprehensive information on its website.
🔥Stop trying to catch all movements in the market, trade only at the best confirmation trade setups
🎁 60% OFFER for Trading Signals 😍 GOING TO END – Get now: https://forexfib.com/offer/
