German final inflation confirmed at 2.4% in April

May 14, 2024 2:12 AM EDT

FILE PHOTO: People walk on a shopping street in the southern German town of Konstanz January 17, 2015. REUTERS/Arnd Wiegmann

BERLIN (Reuters) - German inflation inched up in April to 2.4%, the federal statistics office said on Tuesday, confirming preliminary data.

German consumer prices, harmonised to compare with other European Union countries, had risen by 2.3% year-on-year in March, the lowest rate in almost three years.

"Energy and food prices, in particular, have had a dampening effect on the inflation rate since January 2024," said Ruth Brand, president of the federal statistics office.

"However, core inflation – measured as the change in the consumer price index excluding food and energy – has been higher than overall inflation since the beginning of the year," she added in a statement.

Core inflation in April was 3.0%, according to the data.

The statistics office gives more detailed monthly data on its website.

(Reporting by Rachel More, editing by Kirsti Knolle)



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