Germany May preliminary CPI (HICP) +2.1% vs +2.0% y/y expected

• Prior +2.2%
• CPI (HICP) M/M +0.2% vs +0.1% expected
• Prior +0.5%
• Core CPI Y/Y +2.9% vs +2.9% prior

Slightly higher than expected figures but nothing that will worry the ECB for the time being.

This article was written by Giuseppe Dellamotta at www.forexlive.com.