Inflation in Germany fell from 7.2 percent in April to 6.1 percent in May, according to Eurostat. Energy prices, in particular, are falling, which is calming inflation.

Inflation is now falling from month to month, to around four percent in the summer, says Deka chief economist Ulrich Kater. Many prices in supermarkets and discounters such as Aldi, Lidl, Rewe and Kaufland have already fallen recently, the Federal Statistical Office says.