Germany: Consumer Price Index (YoY) grows 1.1% in Apr; (MoM) falls 0.5%

According to data released today by Destatis, German annual inflation rose 1.1% in April, following 1.4% growth registered the previous month. This result is almost in line with analysts' forecasts of +1.2%. On a monthly basis German CPI fell 0.5% in April, after climbing 0.5% in March, as expected.