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Destatis released its final consumer price data for Germany on Tuesday. German final consumer price index rose 0.1% in May, in line with the preliminary estimate, after a flat reading in April.
The increase was driven by higher food and non-alcoholic beverages costs. Food and non-alcoholic beverages climbed 1.4% year-on-year in May, while recreation and culture prices rose 1.7%.
On a yearly basis, German final consumer price index increased to 0.7% in May from 0.5% in April, in line with the preliminary estimate. It was the highest level since October 2014.
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