. The United Kingdom's Consumer Prices Index (CPI) rose by 2.3 percent in the 12 months leading to April 2024, a notable decrease from the 3.2 percent recorded in the 12 months to March. According to the Office for National Statistics (ONS), the monthly CPI growth was 0.3 percent in April 2024, compared to a significant 1.2 percent rise in April 2023.
Germany's producer prices for industrial products experienced a notable decline in April 2024, according to the latest report from the Federal Statistical Office (Destatis). This marks a continuation of a trend observed over the past year, with prices dropping by 3.3 per cent compared to April 2023. However, there was a slight increase of 0.2 per cent on a month-to-month basis, compared to March 2024.
The latest data released by Eurostat, the statistical office of the EU, reveals a continued decline in industrial producer prices in both the euro area and the broader European Union (EU) in March 2024. This downward trend follows significant drops observed in February, indicating ongoing challenges within the industrial sector.