German inflation slows to 6.1% in May, more than expected

The annual inflation rate in Europe's biggest economy eased to 6.1 percent

Staff Writer, Agence France-Presse (AFP)

May 31, 2023

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German inflation fell sharply in May on lower energy costs, official data showed Wednesday, mirroring slowing price growth in France and Spain.

The annual inflation rate in Europe's biggest economy eased to 6.1 percent, down from 7.2 percent in April, federal statistics office Destatis said in preliminary figures. Analysts surveyed by FactSet had expected a May reading of 6.4 percent.

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