AI Data Insight
According to the latest data, Germany's Harmonized Index of Consumer Prices (HICP) in May 2026 further declined to 102.32 from 102.55 in the previous month, showing a downward trend for two consecutive months. This cooling of inflation is primarily attributed to the authorities' implementation of the fuel tax relief policy, as well as the narrowing of increases in energy and food prices. However, core inflation, excluding energy and food, still exhibits a certain degree of stickiness; attention must be paid to the risk of inflation stagnation moving forward.