Reported 4 months ago
Preliminary data shows that inflation in three German states has inched up in May, indicating a potential slight rise in national inflation in Germany. Economists are anticipating the national inflation data release to be closely watched, as it precedes the euro zone inflation report expected later in the week. Factors contributing to the expected increase include the end of a one-off discount on national railway tickets that has been impacting public transport prices over the past year. The European Central Bank is considering interest rate adjustments based on inflation rates, with German data reflecting positive economic indicators such as growing consumer sentiment and rising real wages.
Source: YAHOO