Inflation in Germany in May was the highest since 2018

The level of consumer inflation on an annualized basis in Germany in May amounted to 2.5%, such data today, May 31, was presented by the Federal Statistical Office of Germany. Thus, the inflation rate in the country turned out to be a record one since October 2018.

Earlier, the Bundesbank announced that inflation this year could reach 4% – this is the highest level since the introduction of the euro in the country almost 20 years ago. Inflation is accelerating around the world as more countries exit lockdowns, economic recovery, growing demand and, at the same time, supply disruptions and shortages of certain materials. In April, US consumer prices showed the strongest growth since 2008. Investors in the US and Europe are worried about a possible continued rise in inflation.

Yana Rozhdestvenskaya