Germany’s Inflation Holds at 2.1% in May

2025-05-30 12:06 By Joana Ferreira 1 min. read

Germany’s consumer price inflation remained unchanged at 2.1% in May 2025, matching April’s figure and marking the lowest rate since October 2024, according to a preliminary estimate.

The reading slightly exceeded market expectations of 2.0%, remaining just above the European Central Bank's target for a seventh consecutive month.

Service inflation eased to 3.4% from 3.9% in April, while inflation for goods rose to 0.9% from 0.5%, largely due to a smaller decline in energy prices (-4.6% vs -5.4%).

Food inflation held steady at 2.8%.

Core inflation, which excludes volatile energy and food prices, inched down to 2.8% from 2.9% the previous month.

On a monthly basis, consumer prices rose by 0.1%, slowing from a 0.4% increase in April.



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