Germany's inflation slowed as initially estimated in May largely reflecting the slowdown in energy price growth, final data from Destatis revealed Friday.
Destatis confirmed that consumer price inflation weakened to 2.6 percent in May. Inflation eased from 2.9 percent in April, which was the highest since December 2023.
Likewise, EU harmonized inflation slowed to 2.7 percent, as estimated, from 2.9 percent a month ago.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.