The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), was +6.1% in May 2023. In both March and April 2023, the inflation rate stood at over 7% (March: +7.4%; April: +7.2 %). “The rate of inflation has continued to slow but remains at a high level nevertheless”, says Ruth Brand, President of the Federal Statistical Office. She adds: “The year-on-year increase in energy prices was much smaller in May, and food prices continued to be the biggest driver of inflation.” The Federal Statistical Office (Destatis) also reports that consumer prices in May 2023 fell by 0.1% on ... (full story)