FOREX TradingCharts.com

Financial News: German Inflation Remains Above ECB Target

German Inflation Remains Above ECB Target

05/31/2021 - 09:22:00 (RTTNews)

(RTTNews) - Germany's harmonized inflation exceeded the European Central Bank's target of 'below, but close to 2 percent' in May, flash data from Destatis showed on Monday.

Harmonized consumer prices grew 2.4 percent year-on-year in May, faster than the 2.1 percent increase in April. The rate came in line with economists' expectations and was the highest since 2018.

At the same time, consumer price inflation accelerated to 2.5 percent from 2 percent in April. The rate was above forecast of 2.3 percent.

With headline inflation on the rise, the ECB's attempt to avoid the taper conversation will become more and more complicated, Carsten Brzeski, an ING economist said. However, German headline inflation could eventually range between 3 percent and 4 percent in the second half of this year.

As temporary effects are largely responsible for higher inflation, noticeably lower inflation rates can be expected again for the coming year, Marco Wagner, an economist at Commerzbank, said. In sum, the inflation rate should average 2.5 percent in 2021, but then fall to 2 percent next year.

On a monthly basis, the harmonized index of consumer prices gained 0.3 percent as expected in May. The consumer price index was up 0.5 percent, bigger than the expected rate of 0.3 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Greece Current Account Deficit Widens In April (10 hr(s), 31 min(s), 06 sec(s) ago)
(RTTNews) - Greece's current account deficit widened notably in April from the last year due t ...Full Story»

UK Inflation Expectations Slow In May: BoE/Kantar Survey (10 hr(s), 46 min(s), 06 sec(s) ago)
(RTTNews) - Britons' inflation expectations for the coming year slowed in May, the latest Bank ...Full Story»

Portugal Producer Prices Accelerate In May (12 hr(s), 24 min(s), 06 sec(s) ago)
(RTTNews) - Portugal's producer prices accelerated in May, figures from Statistics Portugal sh ...Full Story»

UK Retail Sales Decline In May (12 hr(s), 39 min(s), 06 sec(s) ago)
(RTTNews) - UK retail sales dropped in May as the reopening of all retail sectors and the easing o ...Full Story»

Croatia Jobless Rate Falls In May (13 hr(s), 35 min(s), 06 sec(s) ago)
(RTTNews) - Croatia's jobless rate declined in May, figures from the Croatian Bureau of Statis ...Full Story»

Eurozone Current Account Surplus Rises In April (14 hr(s), 43 min(s), 06 sec(s) ago)
(RTTNews) - The euro area current account surplus increased in April, the European Central Bank re ...Full Story»

Poland Average Gross Wages Rise In May (14 hr(s), 58 min(s), 06 sec(s) ago)
(RTTNews) - Poland's average gross wages rose in May, data from Statistics Poland showed on Fr ...Full Story»

BoJ Keeps Stimulus Unchanged; Mulls Funding Plans To Address Climate Change (16 hr(s), 02 min(s), 06 sec(s) ago)
(RTTNews) - The Bank of Japan maintained its massive monetary stimulus and announced the introduct ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Greece Current Account Deficit Widens In April

06/18/2021 - 09:10 AM (RTTNews)
(RTTNews) - Greece's current account deficit widened notably in April from the last year due t ...Full Story>>

UK Inflation Expectations Slow In May: BoE/Kantar Survey

06/18/2021 - 08:55 AM (RTTNews)
(RTTNews) - Britons' inflation expectations for the coming year slowed in May, the latest Bank ...Full Story>>

Portugal Producer Prices Accelerate In May

06/18/2021 - 07:17 AM (RTTNews)
(RTTNews) - Portugal's producer prices accelerated in May, figures from Statistics Portugal sh ...Full Story>>

UK Retail Sales Decline In May

06/18/2021 - 07:02 AM (RTTNews)
(RTTNews) - UK retail sales dropped in May as the reopening of all retail sectors and the easing o ...Full Story>>

Croatia Jobless Rate Falls In May

06/18/2021 - 06:06 AM (RTTNews)
(RTTNews) - Croatia's jobless rate declined in May, figures from the Croatian Bureau of Statis ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.