Inflation & Prices
German Inflation Slows Significantly as ECB Hikes Near End
- Prices rose 6.3% from year earlier in May; median est. 6.7%
- Introduction of cheap public-transport ticket limited pressure
This article is for subscribers only.
Germany joined its major euro-zone peers in reporting a steep slowdown in inflation — underscoring arguments by some European Central Bank officials that interest-rate increases are coming to an end.
Consumer prices in the region’s largest economy rose 6.3% from a year ago in May, the Federal Statistics Office said Wednesday. That’s down from 7.6% in April and below the 6.7% median estimate in a Bloomberg survey.