Germany: Inflation rises in May
June 1, 2015
Consumer prices in May rose 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 1 June. The result followed April’s flat reading.
Headline inflation edged up from April’s 0.5% to 0.7% in May, thus marking the highest reading in seven months. Meanwhile, annual average inflation remained at April’s 0.5%.
HICP inflation, which is based on the harmonized index of consumer prices, rose from April’s 0.3% to 0.7% in March, marking the highest print in seven months. Annual average HICP inflation came in at 0.4% in May, which mirrored April’s reading.