Final May CPI data confirms preliminary readings, easing from April’s 2.9% as price pressures moderate.
Germany’s consumer price index rose 2.6% year-over-year in May, matching preliminary estimates and slowing from April’s 2.9% increase. The harmonized index of consumer prices (HICP) also held at 2.7%, down from 2.9% in the prior month.
Analysts had expected the final print to align with the flash estimate, following a period of elevated inflation driven by energy and food costs. The decline suggests a gradual easing of price pressures, though core inflation remains a key focus for policymakers.
Markets are monitoring the data for implications on European Central Bank policy, with rate cuts still anticipated later this year despite persistent inflation concerns.