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German inflation accelerates to ECB target in April, state data suggests

German inflation

Annual inflation in Europe’s largest economy accelerated in April toward the European Central Bank’s target, data from German states suggested on Tuesday, but the rise may be due to one-off price rises around the Easter holiday.

The ECB aims to keep inflation in the euro zone close to, but just below, 2 percent a year. Inflation has long been below this target in the single currency bloc, and ECB rate-setter Olli Rehn said on Friday that investors may be doubting the effectiveness of the ECB’s monetary policy measures in boosting inflation.

Source: Reuters

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