Germany's inflation falls to 0.7 percent

Inflation in Germany fell to 0.7 percent in May, the lowest rate in over 3 years. The figures released Wednesday showed the rate fell by 0.3 percent from 1 percent in April.

Source: Associated Press

Germany's inflation rate slowed to 0.7 percent in May, its lowest in more than 3 1/2 years, the government said Wednesday.

The increase in consumer prices compared with a year ago was slower than the 1.0 percent rise April and the lowest since an 0.7 percent rise in October 1999. Prices fell 0.2 perc