The FINANCIAL — Germany’s annual inflation rate picked up in April, indicating that the European Central Bank’s bond purchase program may be starting to have its desired effect, according to Nasdaq.
Consumer prices measured according to common European standard fell 0.1% on the month but rose 0.3% on the year in April, the Federal Statistics Office said on May 13, confirming its preliminary estimate published at the end of April.
The Destatis statistics office, however, raised its previous estimate based on national standards, showing prices unchanged on the month and rising 0.5% on the year. The preliminary figures showed prices falling 0.1% from March, and rising 0.4% from April 2014.
Food prices were up 1.1% on the year, while energy prices fell by 5.9% on an annual basis, Destatis said.
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