Germany's Wholesale Price Index fell −0.6% month-over-month in May, but a mineral oil tax cut drove a −7.3% collapse in that single category, masking persistent sub-component inflation and complicating the ECB's case for a September follow-on hike.
ECB President Christine Lagarde addressed a Frankfurt conference on digital payments on the day German wholesale prices eased and Eurozone industrial output posted a modest gain. Source
