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Inflation rate of +0.6% in May 2020
The inflation rate in Germany, measured as the year-on-year change in the consumer price index, stood at +0.6% in May 2020. The inflation rate decreased for the third consecutive month. The Federal Statistical Office (Destatis) also reports that consumer prices fell by 0.1% compared with April 2020. The prices of goods (total) decreased by 0.4% from May 2019 to May 2020. This was mainly due to the decline in energy product prices, which accelerated to 8.5% (April: -5.8%). As a oil price slump in the world market, which has been observed since the beginning of the year, in particular the prices of heatingf oil ... (full story)