Destatis released its consumer price data for Germany on Monday. German preliminary consumer price index increased 0.3% in May, in line with expectations, after a 0.4% drop in April.

On a yearly basis, German preliminary consumer price index rose to 0.1% in May from -0.1% in April, in line with expectations.

Energy prices slid 7.9% year-on-year in May.

Goods prices dropped 0.9% year-on-year in May, while services prices increased 1.2%.