• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in Germany has reached a historic high


June, 14 2022
watermark Economic news

According to the final estimate of the German Federal Statistical Office, inflation in the country accelerated to 7.9% in annual terms in May from 7.4% a month earlier. Thus, inflation has become a record in the entire history of Destatis observations. The indicator coincided with analysts' expectations and preliminary assessment.


On a monthly basis in May, prices in Germany rose by 0.9%, while analysts had forecast an increase of only 0.5%. In April, prices rose by 0.8%.


At the same time, consumer prices according to EU standards (harmonized consumer price index), according to the final estimate, accelerated to 8.7% in annual terms in May from 7.8% a month earlier. On a monthly basis, prices rose by 1.1% after 0.7% a month earlier. The indicators also coincided with the preliminary assessment and forecast of analysts.


The day before, German Finance Minister Christian Lindner said that the government had little room for maneuver to introduce new measures to support the population in the face of record inflation. Moreover, the authorities fear that the country will face a «difficult winter and autumn» due to high energy prices.


Top Top