The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI) was +6.1% in May and fell by %0,1 compared to the previous mounth. In both March and April 2023, the inflation rate stood at over 7% (March: +7.4%; April: +7.2 %). Energy product prices were 2.6% higher in May 2023 than a year earlier. Food prices were up by 14.9% in May 2023 compared with the same month a year earlier. Although the increase in food prices slowed somewhat (April 2023: +17.2%), food prices remained by far the biggest driver of inflation among all product groups.

Source:  Destatis
Post by: Republic of Türkiye Ministry of Trade