AI Data Insight
According to the latest data, Germany's core CPI index climbed to 102.42 in April 2026, steadily rising from 102.01 in the previous month. However, influenced by cooling inflation in the services sector, the annual core inflation rate for April fell back to 2.3%, forming a clear divergence from the headline inflation, which accelerated to 2.9% due to surging energy prices. Looking ahead, whether energy costs will trigger a secondary pass-through effect will be a key factor influencing the European Central Bank's decision-making.