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German Annual Inflation Confirmed at 2.9% in April

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Confirming the flash estimate, Germany's annual inflation rate accelerated to 2.9% in April from 2.7% in March, final data from the country's Federal Statistical Office showed Tuesday.

The reading marks the highest inflation level reached since January 2024.

On a monthly basis, consumer prices edged up 0.6%, matching the preliminary reading and against the previous 1.1% increase.

The annual harmonized inflation rates for April were also confirmed at 2.9%, compared with 2.8% earlier. Meanwhile, harmonized consumer prices were affirmed to be 0.5% higher month over month, against the previous reading of a 1.2% jump.

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