Germany's inflation eased more than expected in May, in line with the slowing trend in France, Italy and Spain, and thus strengthened the stance of doves in the European Central Bank who are calling for a pause in the interest rate hike cycle.
Consumer prices advanced 6.1 percent from a year ago in May, flash figures from Destatis revealed Wednesday. Inflation was forecast to slow moderately to 6.5 percent from 7.2 percent in April.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.