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16.05.2018 06:43

Consumer prices in Germany rose by 1.6% in April

Consumer prices in Germany rose by 1.6% in April 2018 compared with April 2017. In March 2018, the inflation rate as measured by the consumer price index was +1.6%, too. The consumer price index remained unchanged in April 2018 on March 2018. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 30 April 2018.

Compared with April 2017, the prices of energy products were up 1.3% in April 2018. The rise in energy prices was thus smaller than the overall price increase. In the preceding two months, the increase in energy prices had been much smaller (March 2018: +0.5%; February 2018: +0.1%). From April 2017 to April 2018, price rises were recorded especially for heating oil (+8.0%). The prices of electricity (+1.6%), motor fuels (+0.6%) and charges for central and district heating (+0.6%) were also up on a year earlier. In contrast, price decreases were recorded in the same period for solid fuels (-1.9%) and gas (-1.3%). Excluding energy prices, the inflation rate in April 2018 would have been +1.6% as well.

Market Focus

  • The number of job openings was little changed at 6.7 million on the last business day of June
  • UK house prices in the three months to July increased by 3.3% against the same period a year earlier
  • German industrial production declined more then expected in June
  • The average of household spending in Japan was down 1.2 percent on year
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