Inflation in Germany down by 0.2% in May…

Tuesday, 29 May 2012 04:10

The German Statistics Office- Destatis reported today that country’s inflation level fell more than expected in May.
Consumer Price Index decline by seasonally adjusted 0.2%, instead of 0.1% expected.
Comparing with May 2011 CPI rose at annual rate of 1.9%, after gaining 2.1% in April.
The U.S. dollar remained higher against EUR, with couple traded at 1.2523 after data release.