(MENAFN) Data showed that inflation in Germany, Europe's biggest economy, increased in May with consumer prices rising 0.7 percent from a year earlier, The Peninsula Qatar reported.
The index had risen in April by 0.5 percent on a 12-month basis, the federal statistics office Destatis said in a statement. Inflation in Germany also rose by 0.7 percent year-on-year in May.
The final data confirm a preliminary estimate published earlier this month and appear to indicate that the ECB's monetary policy measures are slowly beginning to push up inflation.
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