Consumer prices in Germany have increased significantly in recent months.
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Frankfurt The inflation rate in Germany continued to rise in May. Consumer prices increased by 7.9 percent compared to the same month last year, as the Federal Statistical Office announced on Monday based on an initial estimate. Economists had expected a nationwide inflation of 7.6 percent.
Inflation has been consistently higher than expected in recent months. It is currently being fueled by the war in Ukraine, which is driving up energy prices in particular. According to the Federal Statistical Office, energy prices rose by 38.3 percent in May compared to the same month last year. Food prices increased by 11.1 percent.