By Maria Martinez
German consumer prices rose in May, confirming preliminary data, the German statistics office Destatis said Tuesday.
Consumer prices rose 2.5% on year measured by national standards, in line with the forecasts of economists polled by The Wall Street Journal. Prices rose 2.4% on year by European Union-harmonized standards, also in line with forecasts.
Consumer prices rose 0.5% on month by national standards and 0.3% by EU-harmonized standards, both as forecast.
The coronavirus pandemic and its related restrictions caused pricing collection problems again in May as some products weren't available in the market, Destatis said.
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(END) Dow Jones Newswires