According to Jinshi, Sebastian Becker, an economist at Deutsche Bank, said in a report that although the base effect pushed up the inflation rate in May, Germany's inflation rate this year will be slightly lower than previously expected due to lower-than-expected inflation in April. The bank lowered its annual CPI inflation forecasts for 2024 and 2025 from 2.3% and 2.2% to 2.2% and 2.1%, respectively. Becker expects inflation in May to be higher than 2.2% in April, mainly due to the gradual weakening of the negative base effect of the preferential tickets introduced by Germany last year. He predicts that without further adverse shocks, the overall inflation rate may temporarily fall below 2% in the summer and then stabilize between 2% and 2.5% by the end of the year.
