German inflation rate unexpectedly holds steady

German inflation unexpectedly held steady in May even as energy prices retreated and the sovereign debt crisis in the euro area clouded the economic outlook.

13th June, 2012

German inflation unexpectedly held steady in May even as energy prices retreated and the sovereign debt crisis in the euro area clouded the economic outlook.

Inflation, calculated using a harmonized European Union method, stayed at 2.2 per cent, the Federal Statistics Office in Wiesbaden said today, revising up a May 29th estimate of a decline to 2.1 percent. Prices dropped 0.2 per cent in the month.

German inflation has slowed from 2.9 per cent in October as oil...

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