Germany's harmonized consumer prices rose more than initially estimated in May, final data from the Federal Statistical Office revealed Wednesday.
EU harmonized inflation came in at 2.2 percent in May, revised up from the prior estimate of 2.1 percent. The rate was thus unchanged from the 2.2 percent seen in April.
Month-on-month, the Harmonized Index of Consumer Prices dropped 0.2 percent in May compared to a 0.3 percent fall estimated on May 29.
Nonetheless, consumer price inflation for May was confirmed at 1.9 percent. The rate has been below the two-percent mark in May for the first time this year. Annual inflation slowed from the 2.1 percent rate logged in April.
On a monthly basis, the consumer price index dipped 0.2 percent, erasing last month's 0.2 percent increase. The monthly rate for May came in line with flash estimate.
by RTT Staff Writer
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