German inflation at 2.1% in May, same as April - Breaking The News

German inflation at 2.1% in May, same as April

13 June

1 min read

EPA-EFE/HANNIBAL HANSCHKE

The annual inflation rate in Germany stood at 2.1% in May, just as the preliminary document and analysts predicted it would, the Federal Statistical Office (Destatis) revealed in its final report published on Friday. Month-on-month, the Consumer Price Index (CPI) went up by 0.1%.

The stabilization was driven mostly by the fall in energy prices, which dropped by 4.6% compared to May 2024. Meanwhile, food prices saw an annual jump of 2.8%. The core inflation rate, excluding food and energy, advanced by 2.8%.

The Harmonized Index of Consumer Prices (HICP) grew by 2.1% year-on-year and 0.2% month-on-month.

data cpi

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