Inflation eased in five economically important German states in the month of May, preliminary data showed on Wednesday, suggesting that national price rises are set to slow to their lowest in more than a year. | Reuters
Inflationary pressure has been eased by a new subsidized travel ticket, covering all local public transport for 49 euros per month.
National data so far suggests that euro zone inflation may have dropped more than expected in May and even underlying prices may have ticked down, supporting arguments for only cautious European Central Bank rate hikes in months ahead. The ECB has lifted rates by a record 375 basis points over the past year and has already committed to another move in June, leaving only subsequent tightening up in the air.
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