Economic Buzz: German inflation down to 2.6% in May
On a monthly basis, the Consumer Price Index (CPI) declined by 0.2% in the reported month, while the harmonized index of consumer prices decreased by 0.1%. On an annual basis, the harmonized CPI rose by 2.7%. All of the figures came in line with the preliminary data. Meanwhile, core inflation, which excludes food and energy, climbed by 2.5% year-on-year and by 0.3% month-on-month.
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