Latest data released by Destatis - 31 May 2019

  • Prior +1.0%
  • CPI +1.6% y/y
  • Prior +2.1%

Once again, this just reaffirms expectations ahead of the national reading later that inflationary pressures are expected to moderate considerably after the bump higher in April due to Easter seasonality. We'll have to wait on June readings before identifying a clear trend.