German inflation pushes further above ECB target in May

  • 5/31/2021
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BERLIN, May 31 (Reuters) - Germany’s annual consumer price inflation accelerated in May, advancing further above the European Central Bank’s target of close to but below 2%, the Federal Statistics Office said on Monday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2.4% in May, up from 2.1% in April. A Reuters forecast had pointed to a May reading of 2.5%. Writing by Paul Carrel, editing by Kirsti Knolle Our Standards: The Thomson Reuters Trust Principles.

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