Germany's EU harmonized inflation accelerated in May, but to a lesser extent than initially estimated, final data released by the Federal Statistical Office showed Wednesday.
Inflation as per the harmonized index of consumer prices (HICP) rose to 1.6 percent in May from 1.1 percent in April. The flash estimates were for an inflation rate of 1.7 percent.
Inflation remained below the strategic 2-percent mark which is important in terms of monetary policy, the agency said.
On a monthly basis, the HICP moved up 0.3 percent in May, as estimated earlier, reversing the 0.5 percent decrease recorded in the previous month.
At the same time, the consumer price index moved up 1.5 percent year-on-year in May after gaining 1.2 percent in April. The latest figure was in line with the initial estimates.
On a monthly basis, consumer prices advanced 0.4 percent, which matched the preliminary estimates. This followed a 0.5 percent decrease in April, data showed.
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