Inflation - the annual increase in consumer prices - rose to 2.9 percent in Germany in April, according to EU-harmonized figures from the country's statistics agency, Destatis. This compares with 2.8 percent in March.
But analysts had expected an average of 3.1 percent, according to Bloomberg.
Meanwhile, the German Ifo Institute released an indicator showing that more companies in Germany are planning significant price increases - increasing the likelihood that high energy and commodity prices will spread through the economy. The indicator rose to 31.6 in April, the highest level since January 2023. This compares with 25.5 in March.
