German Inflation Decelerates Dramatically Amid ECB's Approaching End to Hiking Cycle

Germany joined its major euro-zone peers in reporting a steep slowdown in inflation — underscoring arguments by some European Central Bank officials that interest-rate increases are coming to an end.

Consumer prices in the region’s largest economy rose 6.3% from a year ago in May, the Federal Statistics Office said Wednesday. That’s down from 7.6% in April and below the 6.7% median estimate in a Bloomberg survey.

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