Investing.com - Consumer price inflation in Germany eased more-than-expected in May, official preliminary data showed on Tuesday.
In a report, the German Federal Statistics Bureau said consumer price inflation eased by a seasonally adjusted 0.2% in May, compared to expectations for a 0.1% decline.
German consumer prices rose by 0.2% in April.
Year-on-year, German consumer price inflation accelerated at an annualized rate of 1.9%, below expectations for a 2.0% increase, after rising at a rate of 2.1% in April.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.14% to trade at 1.2525.
Meanwhile, European stock markets were mostly higher. Germany's DAX added 0.7%, the EURO STOXX 50 was flat, France’s CAC 40 rose 0.4%, while London’s FTSE 100 advanced 0.1%.
In a report, the German Federal Statistics Bureau said consumer price inflation eased by a seasonally adjusted 0.2% in May, compared to expectations for a 0.1% decline.
German consumer prices rose by 0.2% in April.
Year-on-year, German consumer price inflation accelerated at an annualized rate of 1.9%, below expectations for a 2.0% increase, after rising at a rate of 2.1% in April.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.14% to trade at 1.2525.
Meanwhile, European stock markets were mostly higher. Germany's DAX added 0.7%, the EURO STOXX 50 was flat, France’s CAC 40 rose 0.4%, while London’s FTSE 100 advanced 0.1%.