April 28, 2022 12:13 GMT
Inflation higher still on energy, food
GERMAN DATA
(MNI) London
Datamarkets-real-timeData BulletBulletMarketsFixed IncomeForeign ExchangeBundesbank Market NewsEuropean Central Bank Market News
APR FLASH HICP +0.7% M/M, +7.8% Y/Y; MAR +7.6% Y/Y
APR FLASH CPI +0.8% M/M, +7.4% Y/Y; MAR +7.3% Y/Y
- German April inflation came in higher than analyst expectations, although earlier release state data certainly offered the possibility of an upside surprise.
- Energy has been a big driver, according to Destatis, with energy inflation running at 35.3% y/y, slowing very slightly from March's elevated levels.
- A similarly high inflation rate was last seen in autumn 1981, when mineral oil prices rose sharply as the first Gulf war between Iraq and Iran started.
- The final data for April 2022 will be released on 11 May 2022, the flash Eurozone data will be published tomorrow, April 29.
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