Germany's CPI inflation was confirmed at 0.4% MoM and 2.1% YoY in April, down from 2.2% YoY in March.

• HICP inflation was confirmed at 0.5% MoM and 2.2% YoY, up from 2.1% YoY in March.
• Core inflation bounced 0.5% MoM and 2.9% YoY, up from 2.6% YoY.
• Services inflation increased 0.4 ppts to 3.9% YoY.
• Goods inflation fell -0.5 ppts to 0.5% YoY on slower food price growth (-0.2 ppts to 2.8% YoY) and more deflation in energy (-5.4% YoY).
• On a monthly basis, recreation & culture (+0.6% MoM), alcohol & tobacco (+0.6% MoM), and clothing & footwear (+1.2% MoM) all saw moderately strong increases.