Shutterstock photo
Markets

German CPI falls to 0.9% in May

Shutterstock photo

Shutterstock photo

Investing.com -

Investing.com - Consumer price inflation in Germany rose less than expected in May, underlining concerns over the risk of deflation in the euro area, official preliminary data showed on Monday.

In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 0.9% last month, down from 1.3% in April. Analysts had expected German consumer prices to rise by 1.1% in May.

Month-over-month, German consumer prices declined 0.1% last month, compared to forecasts for an increase of 0.2%, after falling 0.2% in the preceding month.

Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.21% to trade at 1.3606, compared to 1.3611 ahead of the data.

Meanwhile, European stock markets remained higher. Germany's DAX eased up 0.2%, the Euro Stoxx 50 advanced 0.1%, France's CAC 40 added 0.1%, while London's FTSE 100 picked up 0.3%.

Investing.com offers an extensive set of professional tools for the financial markets.

Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx