German Regional Inflation Falls Signaling National Dip
Inflation fell in four key German states in May, suggesting the national rate could ease to 2.8 percent despite the Iran war. This comes before an ECB meeting.
Xurve View
Xurve View
Germany reported falling inflation in four major states during May, with regional rates dropping as much as 0.3 percentage points, suggesting the national harmonized rate will ease to 2.8% in May from 2.9% in April. Cooling price pressures in Europe's largest economy provide a counterweight to rising energy costs driven by conflict in Iran. The data matters because it precedes the Eurozone's broader inflation release and may influence the ECB's next policy decision.
