German Wholesale Price Inflation Eases In April

(RTTNews) - Germany's wholesale price inflation softened for the second straight month in April, data from Destatis showed on Thursday.

Wholesale prices grew 0.8 percent year-on-year in April, following a 1.3 percent rise in March.

The overall inflation in April was due to higher prices for food products, non-ferrous ores and metals, and non-ferrous semi-finished metal products.

Meanwhile, lower prices were also reported in the wholesale of computers and peripheral equipment and iron, steel, and ferrous semi-finished metal products.

On a monthly basis, wholesale prices dropped 0.1 percent in April versus an expected increase of 0.2 percent.