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Destatis released its consumer price data for Germany on Monday. German preliminary consumer price index rose 0.1% in May, in line with expectations, after a flat reading in April.
The increase was driven by higher energy, food and services costs.
On a yearly basis, German preliminary consumer price index increased to 0.7% in May from 0.5% in April, in line with expectations. It was the highest level since October 2014.
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