Zoom Image
Shopping in the supermarket: Prices for food continue to rise above average
Photo: Frank Hoermann / Sven Simon / IMAGO
Inflation in Germany weakened significantly in May at a high level. Consumer prices were on average 6.1 above the level of the same month last year, as the Federal Statistical Office announced on Wednesday on the basis of preliminary figures.
This is the lowest value since March 2022. In April, the inflation rate was still at 7.2 percent.
The development of energy prices eased the situation, rising by an average of only 2.6 percent (April: plus 6.8 percent), with refueling even becoming cheaper in many federal states. The 49-euro ticket for local public transport, which was introduced at the beginning of the month, also dampened inflation, as it reduces transport costs for the already more than ten million buyers.
Food prices rose significantly again at 14.9 percent, but not as much as in April with 17.2 percent. Services cost an average of 4.5 percent more than a year earlier (April: plus 4.7 percent).
mmq/dpa