Key facts
- German inflation eased to 2.6% year-on-year in May.
- This marks a decrease from the 2.9% inflation rate recorded in April.
- French inflation accelerated to 2.8% year-on-year in May.
- The French inflation rate is the highest recorded since February 2024.
German inflation eased slightly to 2.6% year-on-year in May, down from 2.9% in April, according to data confirmed by the federal statistics office. In contrast, consumer prices in France rose 2.8% year-on-year in May, marking the highest level since February 2024, as confirmed by statistics office INSEE. The harmonized inflation rate in France continued its acceleration after a 2.5% increase in April. Historically, Germany's inflation rate has averaged 2.49% from 1950 to 2026, with a record high of 11.70% in October 1951. The largest components within Germany's consumer price index include Housing (32%), Transport (13%), Recreation, entertainment & culture (11%), and Food & non-alcoholic beverages (10%).