German inflation reaches 8.7% in May on energy prices

2022.05.30 15:41

FILE PHOTO: Full shelves with fruits are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio Bensch/File Photo

BERLIN (Reuters) – German inflation rose more than expected in May, pushed up by ever-rising energy prices since the start of the war in Ukraine, data showed on Monday.

Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), increased an annual 8.7%, a rise from April’s 7.8%, the Federal Statistics Office said on Monday.

A Reuters poll of analysts had pointed to an overall annual German HICP reading of 8.0% in May.

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