empty

Read more

Germany’s consumer price inflation slowed in June for the first time in six months, preliminary data from Destatis showed Tuesday.

The consumer price index rose 2.3 percent year-on-year following a 2.5 percent increase in May, which was the highest rate in nearly a decade. Economists had forecast 2.4 percent.

Energy inflation slowed to 9.4 percent from 10.0 percent. Food inflation eased to 1.2 percent from 1.5 percent. Services costs rose 1.6 percent after a 2.2 percent climb in the previous month.

Compared to the previous month, the CPI rose 0.4 percent in June after a 0.5 percent increase in May. That was in line with economists’ expectations.

The harmonized index of consumer prices, which is meant for EU comparison, rose 2.1 percent year-on-year after a 2.4 percent climb in the previous month.

On a month-on-month basis, the HICP rose 0.4 percent in June. Economists had expected 0.3 percent.


LEAVE A REPLY

Please enter your comment!
Please enter your name here