German, Spanish Inflation Surprise To The Upside
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German HICP rose from 7.8% y/y to 8.7% y/y in May, exceeding expectations of 8.1% y/y. Accelerating goods prices led the increase, while services inflation eased in May. Notably, energy and food prices surged 38.3% y/y and 11.1% y/y, respectively. Food and…
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