German inflation falls to 6.1 percent in May

Checkout in the supermarket

The price increase in Germany has recently slowed down somewhat.

(Photo: IMAGO/Martin Wagner)

Frankfurt The inflation rate in Germany fell significantly more than expected in May. Consumer prices increased by 6.1 percent compared to the same month last year. This was announced by the Federal Statistical Office on Wednesday based on a preliminary estimate.

In April, the inflation rate was still 7.2 percent. Economists surveyed by the Reuters news agency had expected a decline to 6.5 percent in May.

The figures from Germany are an important indication of the inflation rate in the entire euro area, which the European statistical office Eurostat will publish on Thursday. The price dynamics in the individual countries of the currency area are decisive for the future interest rate policy of the European Central Bank (ECB).

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