India, April 30 -- Germany's consumer price inflation slowed for a second straight month in April to its lowest level in six months as energy prices continued to fall, but the core price growth accelerated for the first time since December as services cost growth increased, which warrants caution from the European Central Bank that is set to reduce interest rates further.
The consumer price index rose 2.1 percent year-on-year following a 2.2 percent increase in March, preliminary data from the statistical office Destatis showed on Wednesday. Economists had forecast 2.0 percent inflation for April. Latest inflation was the lowest since October when the rate was at the same level.
ING economist Carsten Brzeski attributed the slowdown to low...