Destatis released its consumer price data for Germany on Wednesday. German preliminary consumer price index decreased 0.2% in April, in line with expectations, after a 0.8% gain in March.

On a yearly basis, German preliminary consumer price index fell to 0.1% in April from 0.3% in March, in line with expectations.

Energy prices slid 8.5% year-on-year in April.

Goods prices dropped 1.0% year-on-year in April, while services prices increased 1.1%.