Germany Inflation Eases More Than Expected to 2.6% in May, Underscoring Cooling Price Pressures
Germany’s annual consumer price inflation slowed more than anticipated in May, falling to 2.6% from 2.8% in April, according to preliminary data released by the Federal Statistical Office (Destatis) on Wednesday. The reading came in below the 2.8% consensus forecast among economists, signaling that price pressures in Europe’s largest economy are continuing to ease.