FX.co ★ German Inflation Holds at 2.9% in April, Signaling Stable Price Pressures

Germany’s consumer price inflation remained unchanged in April, with the annual Consumer Price Index (CPI) holding at 2.9% year-over-year, according to data updated on 12 May 2026. The reading matches the previous figure of 2.9% recorded in April 2026 on a year-over-year basis, indicating a period of stability in headline price growth.

The April data, measured against the same month a year earlier, shows that inflationary pressures have neither intensified nor eased compared with the prior annual reading. Both the “actual” and “previous” indicators reflect year-over-year changes, underlining that Germany’s inflation path has entered a steady phase rather than continuing the sharp declines seen earlier in the disinflation process.

For policymakers and markets, the flat 2.9% print suggests that while inflation is no longer accelerating, it has yet to decisively move lower. With price growth still above many central banks’ typical 2% target, the persistence at this level will likely remain a focal point in assessments of the German and broader euro area economic outlook.