Germany May preliminary CPI +2.4% vs +2.4% y/y expected

• Prior +2.2%
• CPI +0.1% vs +0.2% m/m expected
• Prior +0.5%
• HICP +2.8% vs +2.7% y/y expected
• Prior +2.4%
• HICP +0.2% vs +0.2% m/m expected
• Prior +0.6%

The readings are more or less in line with estimates, as German annual inflation ticks a little higher in May. The falling trend in core annual inflation has also stalled, with the reading there coming in at 3.0% – similar to April. Services inflation remains relatively stubborn, moving up to 3.9%. It was previously 3.4% in the month before.

This article was written by Justin Low at www.forexlive.com.