Annual inflation in Germany accelerated in May to 2.2%

Consumer prices in Germany, calculated according to national standards, increased in May by 2.2% in annual terms after an increase of 1.6% a month earlier, according to preliminary data from the Federal Statistical Office of Destatis. In May, the indicator grew at the fastest pace since February 2017. Experts had expected annual inflation at 1.9%. Compared to April, the price increase was 0.5%, and the analysts had predicted a growth of 0.3%. Food products rose in annual terms by 3.5%, services - by 1.6%, household energy - by 5.2%. The growth of consumer prices in Germany according to the standards of the European Union in May was 2.2% in annual terms and 0.6% compared with April.

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