(Bloomberg) -- German inflation accelerated for the first time since December, highlighting warnings by the European Central Bank that there’ll be bumps on...
-- German inflation accelerated for the first time since December, highlighting warnings by the European Central Bank that there’ll be bumps on the path back to the 2% target.Price growth came in at 2.4% in April, while economists polled by Bloomberg had expected it to remain steady at 2.3%. Energy was a key driver of the uptick.A similar dynamic was on display in Spain earlier Monday, with inflation quickening to 3.
At the same time, higher incomes are a precondition for a fledgling economic recovery to take hold. In Germany, business exceptions have improved and activity is picking up, particularly in services, with signs building that a winter recession may have been avoided. It sees price gains quickening further in May, mainly because of base effects related to transport prices. A broader downward trend should nevertheless continue after the dissipation of the energy-price shock and healing of supply-chain problems.Modi Is $20 Trillion Short on His Grand Plan for India’s EconomyCANADA STOCKS-TSX futures indicate upbeat open as metal prices gain
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