Lowest Level Since Autumn: 2.0 Percent Inflation in June
20 Articles
20 Articles
Good news for Germany's consumers: The inflation rate goes further down. However, economists do not want to give full warning.
The price index for European consumers recorded the lowest rate since October 2024, when a 2% increase was also recorded; in May and April, inflation had recorded 2.1% in the annual comparison.
Consensus of the Singular Market Bank According to Destatis, in the final reading of June, the annual rate of variation of the general CPI in Germany was moderated slightly to 2.0% (vs. 2.1% in May). Meanwhile, in monthly terms, the prices of the basket of purchase of German households remained unchanged (0.0%), slowing their pace of advance from 0.1% recorded in May. In addition, the underlying CPI (excluding energy and food) was placed at 2.7…
The drop in energy prices and the rise in food prices help justify the evolution of inflation.
"The inflation rate moderated again slightly in June and reached the lowest level recorded in the first half of the year. In addition to the continued decline in energy prices, food price inflation slowed in particular," says Ruth Brand, president of Destatis. She adds that, "on the other hand, the higher than average increase in service prices continued to drive inflation." In detail, energy prices dropped by 3.5%. However, this decline was aga…
Good news for German consumers: The inflation rate goes further down. However, the economists do not want to give a full warning - also because Trump's threatening tariffs could fuel inflation again.
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