• 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 slowed in May to the lowest since February 2022


June, 13 2023
watermark Economic news

According to the final data of the German Federal Statistical Office (Destatis), inflation in the country slowed in May to the lowest since February 2022.


The harmonized index of consumer prices, which meets EU standards, increased by 6.3% year-on-year, which indicates a decrease in the rate of inflation compared with 7.6% in April. These data correspond to the preliminary assessment and forecasts of analysts.


In May, consumer prices fell by 0.2% compared to the previous month after rising by 0.6% in April. 


By German standards, prices increased by 6.1% year-on-year and decreased by 0.1% month-on-month. 


Food products have risen in price by 14.9%, energy – by 2.6% compared to May last year. If these categories are not taken into account, consumer prices in Germany increased by 5.4%.


Top Top