EWG - Germany's inflation slows down in April to 7.2% lowest since August

April, 28 2023 08:17 AM iShares MSCI Germany Index Fund

2023-04-28 08:17:48 ET

Germany's CPI eased to 7.2% Y/Y in April 2023, down from 7.4% the month before and slightly below market expectations of 7.3%, a preliminary estimate showed.
The rate was the lowest since August 2022, due to smaller increases in the cost of food (17.2% vs 22.3% in March) and services (4.7% vs 4.8%).
On the other hand, energy inflation accelerated to 6.8% from 3.5% in the previous period.
The EU-standard harmonized index of consumer prices rose by 7.6% in April, slightly down from 7.8% in March but well above the European Central Bank's target of 2%.
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Company Name:	iShares MSCI Germany Index Fund
Stock Symbol:	EWG
Market:	NYSE