German inflation fell to a 6-month low in April

In April, Germany's consumer price index fell to 2.1%. This was a record low since last October and marked the second straight month of falling inflation in the country.

Among the index components, a sharp decline (to 0.5% from 1.0% in the previous month) in goods cost inflation was recorded, driven by a pronounced fall in fuel prices (-5.4% vs. -2.8%). A more subdued rise in food prices (2.8% vs. 3.0%) also had a significant impact on the final index value.

However, inflation in services, on the contrary, accelerated to a three-month high of 3.9% from 3.5%. Core inflation, which does not include energy and food price fluctuations, increased 2.9% from 2.6% in March, reaching a more than 3-year low.

Month-on-month, German consumer prices growth reached 0.4% in April after hitting 0.3% in March.

Meanwhile, EU harmonized inflation rose 2.2% year-on-year from the previous month's 2.3%. On a monthly basis, the country's harmonized consumer prices rose 0.5%.