India, April 29 -- Germany's consumer prices logged a steady pace of increase in April reflecting the stickiness of inflation despite the disinflationary pressure gaining strength over recent months.
The consumer price index posted an annual growth of 2.2 percent, which was the same rate as seen in March and weaker than economists' forecast of 2.3 percent. The current 2.2 percent inflation was the lowest since May 2021.
On the other hand, EU harmonized inflation rose slightly to 2.4 percent, while the rate was expected to remain at 2.3 percent.
Data showed that core inflation that strips out food and energy softened to 3.0 percent in April from 3.3 percent in March. Month-on-month, the CPI gained 0.5 percent, slightly above the expected ...