Germany: Inflation returns softly in May
May 30, 2016
Consumer prices in May rose 0.3% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May. The result contrasted April’s 0.4% decrease.
Inflation returned softly in May, recording a 0.1% reading and contrasting April’s 0.1% annual price drop. Meanwhile, annual average inflation in May was stable at April’s 0.2% reading.
Harmonized consumer prices were unchanged in annual terms in May, which came in above April’s 0.3% decline. Average HICP inflation rested at 0.1% in May.