The final data in Germany confirmed that annual inflation was constant at 2.1 % in May.
The final data was published in Germany confirmed that inflation was constant at 2.1 % in May due to the decrease in energy price. The German Federal Statistical Office (Destatis) has published the final data on price increase. Accordingly, the annual inflation, 2.1 % in April, did not change in May. Inflation in this country increased by 0.1 percent monthly. The last data has confirmed the pioneering data previously released. The EU -CPI of -Compliant increased by 0.2 % in May compared to the previous month and 2.1 % on the basis of annual. “The inflation rate in Germany, mainly due to the continuation of the decreased energy price. On the other hand, the increase in food and service prices has increased inflation rate in May.” He said. The annual increase in the country is 2.8 % of food prices, while food is the biggest decision factor for months. The price of avocado increased by 17.6 percent in butter 17.6 percent every year and the price of chocolate increased by 20.2 %, olive oil price decreased by 17.2 %. Energy prices decreased by 4.6 % per year, while prices in the service sector increased by 3.4 %. Annual inflation in Germany, excluding energy price, is 2.7 % in May. Economists expect a relatively moderate inflation rate in Germany throughout the year. Economic Research Institute (IFO), one of the leading economic thinking organizations in Germany, predicted that the annual inflation, 2.2 % last year, would be 2.1 % this year and drop to 2 % by 2026. The Central Bank of Germany (BundesBank) is waiting for annual inflation of 2.2 % this year. In 2026, the bank estimates the annual inflation of 1.5 %. Analysts, European Central Banks (ECB) have reminded 2 % inflation targets in the medium term and in Germany, the price in Germany “ECB continues to increase within the target”.