FX.co ★ German Inflation Turns Negative in May as CPI Slips 0.2% Month-on-Month

Germany’s consumer prices fell in May 2026, with the Month-on-Month Consumer Price Index (CPI) declining by 0.2%, according to data updated on 29 May 2026. This marks a sharp reversal from April 2026, when prices rose 0.6% over the previous month.

The latest figure means that, on a monthly basis, prices in May were lower than in April, after having increased in the prior month compared with March. The move from a 0.6% rise to a 0.2% decline suggests a notable cooling in short-term price dynamics, based solely on this month-over-month comparison.