Germany: Inflation moderates in May
May 30, 2017
Consumer prices contracted 0.2% in May, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May. The result came in below April’s flat reading.
The rise in inflation observed in recent months seems to be weakening. Inflation decreased from 2.0% in April to 1.5% in May, undershooting market expectations of a softer decline to 1.6%. Meanwhile, annual average inflation edged up from 1.1% in April to 1.2% in May.
Harmonized inflation also decelerated in May, falling to 1.4% from April’s 2.0%, while average HICP inflation rose to 1.1% from 1.0% in April.
Author: Christopher Mc Innes, Economist