German consumer inflation picks up in April by coming closer to the European Central Bank’s price stability target.
The data from several German states revealed that price pressures are slowly building up as an economic upswing continues and the labor market booms partly due to a rise in transportation costs.
The inflation rate for the entire euro zone is expected to have risen to 1.8% in April from 1.5% in March, according to the economists.
Source: Euronews
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
