Germany: Annual CPI declines for the second running month in June

FXstreet.com (Barcelona) - According to data released today by Destatis, German annual inflation rose 1.5% in May, following 1.1% growth registered the previous month. This result is in line with analysts' forecasts. On a monthly basis German CPI climbed 0.4% in May, after falling 0.5% in April, as expected.

Year-over-year German HICP grew 1.6% in May, up from 1.1% in April. On a monthly basis HICP increased 0.3% in May, following a 0.5% fall in April. Both results are in line with consensus.