Germany's consumer prices increased for the fourth straight month in May at the fastest pace in seven months, as initially estimated, final data from the statistical office Destatis showed Tuesday.
Consumer prices rose 0.7 percent from last year, following a 0.5 percent increase in April. The annual increase matched the preliminary estimate published on June 1.
The latest figure was the highest since October last year, when inflation was 0.8 percent.
Prices of food and non-alcoholic beverages grew 1.4 percent year-on-year in May and recreation and culture prices increased 1.7 percent. Meanwhile, utilities costs declined 0.1 percent and transport costs decreased 0.6 percent.
Excluding energy, consumer prices advanced 1.3 percent annually in May.
Month-on-month, consumer prices rose 0.1 percent, after remaining unchanged in the previous month. The figure matched its preliminary estimate.
Both annual and monthly growth in the harmonized index of consumer prices, or HICP, of 0.7 percent and 0.1 percent, respectively, matched the economists expectations and the preliminary estimate.
Germany's EU measure of inflation also rose to its highest level in seven months. The HICP rose for a third straight month and was the highest since September last year, when inflation was 0.8 percent.
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