German Inflation Data Be Attention! Will It Affect Inflation in the European Zone?

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Preliminary data released from the federal statistics office showed that German inflation increased slightly to 2.4% in April, on Monday.


German consumer prices, adjusted to compare with other European Union countries, rose by 2.3% year-on-year in March.


Core inflation in Germany, which excludes volatile food and energy prices, was 3.0% in April, down from 3.3% in March.



Economists remain paying close attention to German inflation data, as Germany publishes the figures ahead of European zone inflation data, which is expected to be released on Tuesday.


European zone inflation is expected to remain at 2.4%, unchanged from the previous month, according to economists interviewed by Reuters.


The European Central Bank has clearly signaled that it will start lowering borrowing costs in June.

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