Germany's EU harmonized inflation accelerated more than economists expected in May, preliminary data released by the Federal Statistical Office showed Wednesday.
Inflation As per the harmonized index of consumer prices (HICP) accelerated to 1.7 percent in May from 1.1 percent in April. Economists had forecast a more modest rise to 1.4 percent.
The HICP advanced 0.3 percent compared to April, when it decreased by 0.5 percent. The EU measure of consumer prices were forecast to gain 0.2 percent month-on-month.
At the same time, the consumer price index increased 1.5 percent year-on-year in May, faster than April's 1.2 percent growth. Expectations were for a 1.3 percent rise.
Month-on-month, consumer prices rose 0.4 percent in May after falling 0.5 percent in the previous month. Economists were looking for a 0.2 percent monthly gain.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.