About: http://data.cimple.eu/news-article/795689a4ea32601fbcf7b26df41bb1fbe66a4f5f41a664ae25d00704

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About: http://data.cimple.eu/news-article/795689a4ea32601fbcf7b26df41bb1fbe66a4f5f41a664ae25d00704 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Inflation in Europe's top economy Germany slowed further in May, official data showed Thursday, a week ahead of a European Central Bank meeting that could decide on further economic stimulus. Price growth was just 0.6 percent year-on-year, federal statistics authority Destatis said in a preliminary reading, in line with forecasts from analysts and down from 0.9 percent in April. In February, before the coronavirus pandemic, German inflation was running at 1.7 percent. Prices for the goods tracked in the basket fell slightly this month, a breakdown showed, driven by an 8.5-percent drop in energy costs after last month's oil price crash. Meanwhile the pace of food inflation remained elevated compared with the pre-pandemic period. Overall price growth reached just 0.5 percent when measured using the Harmonised Index of Consumer Prices (HICP), the ECB's preferred inflation yardstick. That could encourage monetary policymakers next week to expand an unprecedented 750-billion-euro ($826 billion) bond-buying programme launched to cushion the impact of the pandemic. Falling inflation in Germany will drag price growth across the 19-nation eurozone away from the ECB's just-below-two percent target across the currency bloc. The Frankfurt institution's massive economic interventions are ultimately designed to stoke growth and in turn power inflation towards its target. tgb/hmn/jh
schema:headline	German inflation grinds lower in May
schema:mentions	European Central Bank Stoke City F.C. Eurozone World energy consumption Frankfurt Inflation Germany European Union Pandemic Coronavirus Harmonised Index of Consumer Prices Currency union Drag coefficient Hyperinflation in the Weimar Republic
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)

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