FX.co ★ German HICP Inflation Cools Sharply in April, Signalling Softer Price Pressures

Germany’s Harmonised Index of Consumer Prices (HICP) slowed markedly in April 2026, easing to 0.5% month-over-month from 1.2% in March, according to data updated on 29 April 2026. The deceleration underscores a notable cooling in short-term price momentum in Europe’s largest economy.

The latest reading shows that price growth in April was less than half the pace recorded in March, when HICP rose 1.2% from the previous month. Both figures are measured on a month-over-month basis, comparing each month’s change with that of the prior month, highlighting a clear moderation in inflationary pressures as spring began. Investors and policymakers will now be watching closely to see if this softer trend in Germany’s harmonised inflation data persists in the coming months.