German inflation drops to 2.7 percent due to fuel discount

Norsk Bokmål

Inflation in Germany fell to 2.7 percent in May. The decline is due to the fuel discount and represents an exception in the eurozone.

According to preliminary data, the inflation rate fell due to the fuel discount. Economists however see no reason for an all-clear signal for the eurozone.

The European Central Bank nevertheless plans to raise key interest rates on June 11 for the first time in three years. The decline in Germany is considered temporary.

At the same time, the Federal Employment Agency published the labor market balance for May. The Dax closed on Friday at 25.104 points nearly unchanged.

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