Market news
14.06.2018, 06:09

Consumer prices in Germany were 2.2% higher in May 2018 than in May 2017

The the inflation rate, as measured by the consumer price index, was markedly up on the preceding months An inflation rate of +2.2% was last recorded in February 2017. Compared with April 2018, the consumer price index rose by 0.5% in May 2018. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 30 May 2018.

The rise in the inflation rate in May 2018 was mainly due to energy prices. The year-on-year increase in energy prices (+5.1%) was markedly higher than in the previous month (April 2018: +1.3%). In particular, prices of heating oil (+24.3%) and motor fuels (+8.2%) were up in May 2018 on May 2017. Year-on-year price rises were also recorded for electricity (+1.5%) and charges for central and district heating (+0.5%), while prices of solid fuels (-1.5%) and gas (-1.1%) were down. Excluding energy prices, the inflation rate in May 2018 would have been +1.8%; excluding the prices of mineral oil products, it would have been +1.7%.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location