German official inflation hits 2.4% in April
German inflation reached 2.4 percent in the 12 months to April, according to a final figure published Wednesday by the national statistics office.
"For the third consecutive time the inflation rate was above the two-percent threshold," established by the European Central Bank, following rates of 2.1 percent in February and March, the Destatis office said.
On a monthly basis, consumer prices rose by 0.2 percent in April, it added.
Energy prices were again the main factor pushing inflation higher, with an overall gain of 10.5 percent on a 12-month basis, while the cost of mineral oil products was 15.2 percent higher, Destatis noted.
A separate statement said wholesale prices also increased further in April, posting a 12-month rate of 9.2 percent and a monthly rise of 0.2 percent.
Cereals, seeds and animal feed were considerably more expensive, with a 12-month gain of 71.6 percent, as were coffee, tea, cocoa and spices, which showed a collective gain of 47.4 percent.
© 2011 AFP