German inflation rate jumps as oil price hits consumers

Germany's inflation rate in May surged
to 3.0 per cent year on year as record oil prices pushed up the cost
of the standard household's "basket" of goods, federal statisticians
said Wednesday, according to dpa.
The provisional figure was based on the monthly sample from the
biggest German states, which is usually confirmed later when data
from all 16 states comes in. The April inflation rate in Germany had
been 2.4 per cent.
The Wiesbaden-based Federal Statistics Office said prices rose 0.6
per cent month on month, with the key rises being jumps in the cost
of heating oil for buildings and diesel fuel for cars.