In April, inflation in Germany slowed down for the second month in a row from a comparatively high level. Consumer prices rose by 7.2 percent compared to the same month last year, as the Federal Statistical Office announced on Wednesday. The authority thus confirmed a first estimate. In March, at 7.4 percent, inflation fell below the 8 percent mark for the first time since August 2022. “Food remains the strongest price driver among the goods and services in the shopping basket in April,” explained the President of the Federal Office, Ruth Brand.
Inflation is a challenge for consumers: it is eroding their purchasing power. People can afford less for one euro.
Energy price increases picked up again in April. Energy prices rose 6.8 percent year-on-year after rising 3.5 percent in March. The federal government is trying to make natural gas, electricity and district heating more affordable by applying price brakes retroactive to January 1st.
From March to April, consumer prices rose by a total of 0.4 percent. Here, too, the Wiesbaden authority confirmed an initial estimate. (dpa)
