May data on Consumer Price Index in Germany are due at 14:00 (GMT+2). It is the main indicator of inflation in the country and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on monetary policy decisions. The index is expected to remain at 0.8% on a monthly basis and decline from 7.4% to 7.3% on an annualized basis.
