German inflation lower than expected in May

BERLIN, May 31 (Reuters) – Inflation in Germany slowed more than expected to 6.3% year on year in May, the first estimate released by the Federal Statistics Office on Wednesday showed.
The consumer price index in European harmonized data (HICP) fell by 0.2% over the month.

Economists polled by Reuters were anticipating an inflation rate up 0.2% month-on-month, after +0.6% in April, and 6.8% year on year, after +7, 6%. (Miranda Murray, French version Laetitia Volga, editing by Kate Entringer)

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