At 08:00 (GMT+2), German will release its May consumer 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. If it accelerates from –0,2% MoM and 2,6% YoY, while the harmonised index rises from –0,1% MoM to 2,7% YoY, this would likely have a tangible impact on the rhetoric of the monetary authorities regarding the future path of interest rates.
