Germany's April inflation rate climbs to two-year high at 2.0 pct
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BERLIN, May 12 (Xinhua) -- Germany's inflation rate climbed to 2.0 percent in April, reaching a two-year high, the Federal Statistical Office (Destatis) announced on Wednesday.
The inflation rate had been increasing since the temporary reduction of the value-added tax, a government measure to mitigate the effects of the COVID-19 in Germany, ran out four months ago, Destatis noted.
Prices for energy products in Germany rose particularly -- 7.9 percent higher in April compared to the previous year. Heating oil and motor fuels even saw prices up 21.1 percent and 23.3 percent year-on-year respectively, according to Destatis.
Personal care and hairdressers services also increased significantly -- up 6.1 percent.
Prices for mobile phones, however, declined by 8.3 percent year-on-year in April, according to Destatis. Enditem
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