German Inflation Rate Rose in May From 2 1/2-Year Low
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German inflation accelerated more than economists expected in May after falling to the lowest level since August 2010 the previous month.
The inflation rate in Europe’s largest economy, calculated using a harmonized European Union method, jumped to 1.7 percent from 1.1 percent in April, the Federal Statistics Office in Wiesbaden said today. Economists had expected an increase to 1.4 percent, according to the median of 22 estimates in a Bloomberg News survey. Prices rose 0.3 percent on the month.