German Inflation Data Comes in Hotter Than Expected

“Inflation in Germany, Europe’s largest economy, accelerated more than initially estimated in April after energy costs surged.

The inflation rate, calculated using a harmonized European Union method, jumped to 2.7 percent from 2.3 percent in March, the Federal Statistics Office in Wiesbaden said today. That’s an upward revision from the first estimate of 2.6 percent on April 27. From March, consumer prices rose 0.3 percent, more than the 0.2 percent initially reported.”

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