At 14:00 (GMT+2), German will release its May сonsumer price index data — a key gauge of inflation that reflects changes in retail prices across a representative basket of goods and services, including food, transportation, utilities, healthcare, and other consumer categories. A downward revision is forecast from 0.6% to 0.4% MoM, and from 2.9% to 2.8% YoY, while the harmonised index is expected to move from 0.5% to 0.3% MoM and from 2.9% to 2.8% YoY, respectively, which is likely to influence the rhetoric of monetary authorities regarding potential interest rate adjustments.
