Germany May preliminary CPI +2.4% vs +2.4% y/y expected ...Middle East

Prior +2.2%CPI +0.1% vs +0.2% m/m expectedPrior +0.5%HICP +2.8% vs +2.7% y/y expectedPrior +2.4%HICP +0.2% vs +0.2% m/m expectedPrior +0.6%The readings are more or less in line with estimates, as German annual inflation ticks a little higher in May. The falling trend in core annual inflation has also stalled, with the reading there coming in at 3.0% - similar to April. Services inflation remains relatively stubborn, moving up to 3.9%. It was previously 3.4% in the month before. This article was written by Justin Low at www.forexlive.com.

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Germany May preliminary CPI +2.4% vs +2.4% y/y expected ...Middle East

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