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6/15, 8:00 AM (Source: TeleTrader)
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German inflation rises to 2.5% in May

The consumer prices in Germany yearly rose 2.5% in May, according to Destatis' report published on Tuesday. The figure remained unchanged compared to the preliminary results and has met market estimates.

Compared to the previous month, the inflation also confirmed expectations by climbing 0.5% and achieving the fifth monthly increase in a row. The harmonized index of consumer prices for May went up by 2.4% compared to the same period last year and 0.3% versus April, with both indices confirming preliminary figures.

The goods prices advanced by an above-average 3.1% year-on-year, with energy products surging 10%. However, electricity prices mostly remained unchanged. Meanwhile, food prices gained 1.5% over the same period.

Breaking the News / ND