German inflation edges up to 2.4% in April

German inflation registered a slight rise in April as food prices rose while energy costs fell less than expected, according to preliminary data published on Monday.

Consumer prices on an EU-harmonised basis rose 2.4% in April, compared with 2.3% year-on-year in March. Eurozone inflation is due on Tuesday and expected to remain unchanged at 2.4%. Cuts are expected in June.

Reporting by Frank Prenesti for Sharecast.com