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30 May | Euro

Germany shows mixed inflation data

EURUSD
EURGBP
EURJPY
EURAUD
EURCAD
Germany shows mixed inflation data

According to Reuters, economists expect Germany's inflation rate to continue declining in May and approach the European Central Bank's 2% target. However, data released on Friday presents an inconsistent picture across the country.

In Bavaria, inflation remained unchanged at 2.1% in May, while in Baden-Württemberg it fell slightly to 2.2% from 2.4% in April. In contrast, North Rhine-Westphalia saw an increase to 2.0% from 1.8%, and Lower Saxony rose to 2.3% from 2.2%.

A Reuters poll of economists projects German inflation at 2.0% for May, down from 2.2% in the previous month. This data will be closely monitored by market participants, as Germany's figures are set to be released before the eurozone-wide data. For the eurozone as a whole, inflation is expected to ease to 2.1% in May from 2.2% in April.

Elena Berseneva MarketCheese

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