Germany’s annual inflation reached its historic high of 7.9 percent in May.
MOSCOW, June 14 – RIA Novosti. According to a press release from Germany’s Federal Statistical Office (Destatis), inflation in Germany rose to 7.9% year-on-year from 7.4% in the previous month, according to the final estimate.
Thus inflation became a record for the entire history of Destatis observations.
The indicator coincided with the forecast of analysts surveyed by the DailyFX portal and a preliminary forecast.
Consumer prices in Germany rose 0.9% in May, which coincided with preliminary estimates and analysts’ forecasts. In April, growth was 0.8 percent.
At the same time, according to the final assessment, consumer prices in the country, according to EU standards (harmonized consumer price index), increased the growth of 7.8% month-on-month in May to 8.7% on an annual basis. Prices rose 1.1% in May, after 0.7% in the previous month. Indicators also matched with analysts’ preliminary assessment and forecasts.
Destatis publishes inflation data monthly with subsequent revisions.
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