Annual inflation rate in Germany rose to 7.90% YoY in May, the highest since 1952, from 7.4% YoY in previous month and above market estimates of 7.6%. On a monthly basis, the inflation rose to 0.9%, from 0.8% in April and above market estimates of 0.5%.Harmonised Inflation Rate YoY increased to 8.7% in April from 7.8% in April.
The EUR/USD did not react to the rise in German inflation. Source:xStation 5
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