RTTNews - Wednesday, Germany's Federal Statistical Office confirmed a nil growth in the consumer price index in May, down from a 0.7% rise recorded in April. The annual rate in May was the lowest since May 1987.
Month-on-month, the consumer price index dropped 0.1% in May, in line with the preliminary estimate released on May 27, after a nil growth in April.
The harmonized index of consumer prices, or HICP, remained unchanged year-on-year in May, revised from 0.1% fall estimated initially. The HICP was down 0.1% compared to the prior month, revised up from 0.2% drop in the preceding report.
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