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2026-05-29 18:29:28
[Germany Regional Inflation Data Suggests Downside Risks; Pantheon Predicts May CPI May Fall to 2.6%] ⑴ Claus Vistesen, an analyst at Pantheon Macroeconomics, stated that German regional inflation data suggests downside risks to the national inflation data to be released at 20:00 Beijing time. The overall inflation rate in North Rhine-Westphalia, Germany's largest state, fell to 2.4% in May from 2.7% in April. ⑵ Bavarian data shows a significant effect from the fuel tax reduction, with the annual fuel inflation rate falling to 16.6% from 26.4% in April, and food prices falling 1.1% month-on-month. Vistesen predicts that Germany's May CPI inflation rate will fall to 2.6% from 2.9%, with the risk skewed upward to 2.7%, compared to a previous forecast of only a 0.1 percentage point decrease to 2.8%.
