Increase in German construction prices slows in May: Destatis

BERLIN, July 10 (Xinhua) -- The recent increase in residential construction prices in Germany slowed to 8.8 percent year-on-year in May, the Federal Statistical Office (Destatis) said on Monday.

In February, the previous reporting month, prices had still risen by 15.1 percent compared with the same month a year earlier.

"The current slowdown in price momentum is partly a result of construction material pr