Germany April preliminary HICP +7.8% vs +7.6% y/y expected

• Prior +7.6%
• HICP +0.7% vs +0.4% m/m expected
• Prior +2.5%

• CPI +7.4% vs +7.2% y/y expected
• Prior +7.3%
• CPI +0.8% vs +0.6% m/m expected
• Prior +2.5%

It may not be the biggest of increases but German annual inflation did indeed creep higher again in April and that just continues to put further pressure on the ECB. While there are certain proxies in the region suggesting that inflation may be peaking, it doesn't look to be the case in Germany just yet and even so, it doesn't look like we will see price pressures cool off materially at least.

The two main culprits are once again surging energy prices and also higher prices of raw materials, plagued by supply chain disruptions.

The month-on-month readings also continue to suggest stronger cost pressures in general, which will not be of much comfort if the trend continues even as annual inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term may be close to hitting a plateau.