German CPI drops to 0.9% in May

Source: mni.nz
© Scanpix/FP
Consumer price index in Germany declined to the lowest level in more than four year in May of the current year, reaching 0.9% on the annual basis, while a month ago the inflation stood at 1.3%. Being influenced by low enegry prices, the inflation rate is very low all across the Eurozone. Moreover, the indicator both in Germany and Eurozone is well below the ECB target of 2%.
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