German inflation lags forecasts; odds of ECB move go up

As a preview of EuroZone inflation numbers set for release tomorrow, today’s inflation figure from Germany isn’t good news. German inflation grew by just 1.1% in April. That was up from a 0.9% increase in March, but significantly below the 1.3% projected by economists. The European Central Bank is worried that inflation is dangerously close to turning into deflation.