Latest data released by Destatis - 31 May 2019
- Prior +0.9%
- CPI +1.4% y/y
- Prior +1.9%
As expected, inflationary pressures are coming off in May after Easter seasonality helped to play a part in the April boost. Of note, core inflation for Saxony fell to just +1.2% y/y from the +1.7% y/y reading in April.
It is often just an indicative signal but it does suggest that actual inflation pressures are still somewhat wandering and not really increasing as the ECB would hope.
