Inflation & Prices
German Inflation Edges Up Again, Highlighting ECB Challenge
- Consumer prices rose 2.8% from a year ago, economists saw 2.7%
- Officials are prepping a first cut in interest rates next week
German consumer prices rose 2.8% from a year ago in May.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German inflation quickened for a second month – underscoring the task for the European Central Bank to achieve its 2% target as it prepares to lower interest rates next week.
Consumer prices rose 2.8% from a year ago in May, the statistics office said Wednesday. That’s up from 2.4% in April and above the 2.7% median estimate in a Bloomberg poll of economists.