German Inflation Slows Less Than Expected With ECB Set to Cut

German inflation slowed less than expected, highlighting lingering risks as the European Central Bank prepares to lower interest rates again.

Consumer prices rose an annual 2.1% in May, more than the 2% that economists predicted in a Bloomberg survey but lower than April’s 2.2% advance. Pressures in the services sector abated, while energy costs continued to fall, the statistics office said.