Inflation in Germany and Spain rose less than expected in April, strengthening the case for the European Central Bank to postpone potential increases in interest rates until June at the earliest.
In Germany, the Eurozone’s biggest economy, annual inflation rose to 2.9 per cent from 2.8 per cent in March but the figure was below the 3.1 per cent expected by economists polled by Reuters.
In Spain, the Eurozone’s fourth-largest member, annual inflation dipped to 3.2 per cent from 3.4 per cent in March.
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