
Inflation in Germany, Europe's biggest economy, crept higher in May with consumer prices rising by 0.7 percent year-on-year, final data showed on Tuesday.
The index had risen in April by 0.5 percent on a 12-month basis, the federal statistics office Destatis said in a statement.
Using the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany also rose by 0.7 percent year-on-year in May, still way under the ECB's annual inflation target of just below two percent.
The final data confirm a preliminary estimate published earlier this month and appear to indicate that the ECB's monetary policy measures are slowly beginning to push up inflation.
In March, the ECB embarked on a massive trillion euro ($1.1 trillion) bond purchase programme to ward off deflation and end stagnation in the eurozone economy.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor