ING THINK
German inflation dropped in May amid state measures to cut gasoline prices
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GERMANY: Headline inflation came down in May as the government's measures to tackle higher energy prices started to take effect
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4 itemsING Economics
German inflation dropped in May amid state measures to cut gasoline prices
ING Economics
German inflation dropped in May amid state measures to cut gasoline prices
ING THINK
German inflation drops to lowest level since start of Middle East war
The recent drop in German inflation to 2.3% year-on-year signals a stabilizing price environment, reflecting little impact from surging energy costs. Per the full note from ING, this decline, which signifies the first instance of back-to-back monthly price decreases since summer 2024, emphasizes the resilience of core inflation, holding steady at 2.5%. This backdrop comes amid expectations of potential inflation renewal in July due to the cessation of a government tax rebate on fuel, suggesting further volatility ahead.