April 30, 2018 / 12:18 PM / 3 months ago

German annual inflation slows to 1.4 percent in April

BERLIN, April 30 (Reuters) - Annual inflation in Germany, Europe’s largest economy, slowed in April, data showed on Monday, pushing it further below the European Central Bank’s target of just under 2 percent for the euro zone as a whole.

German consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 1.4 percent year-on-year in April after increasing by 1.5 percent in the previous month, the Federal Statistics Office said.

Analysts polled by Reuters had expected consumer price inflation to hold steady.

The preliminary numbers also showed that monthly EU-harmonised prices were down 0.1 percent. That compared with the Reuters consensus forecast for them to be unchanged.

Inflation figures from Germany are closely watched because of their influence on the European Central Bank’s monetary policy. (Reporting by Michelle Martin Editing by Paul Carrel)

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