FX.co ★ German Inflation Edges Higher to 2.9% in April, Ending Recent Cooling Trend

Germany’s consumer price inflation ticked up in April 2026, interrupting the recent disinflationary trajectory and underscoring lingering price pressures in Europe’s largest economy.

According to data updated on 29 April 2026, Germany’s Consumer Price Index (CPI) rose 2.9% year-over-year in April, compared with a 2.7% annual increase in March 2026. Both figures measure price changes relative to the same month a year earlier. The acceleration, while modest, signals that inflation has not yet settled into a steady downward path.

The uptick will be closely watched by markets and policymakers, as it may complicate expectations for a smoother normalization of price growth. While inflation remains well below the peaks seen in recent years, April’s data highlight that underlying cost pressures in the German economy persist despite previous signs of easing.