Brandenburg Gate in Berlin, Germany

Germany Inflation June 2023

Germany: Harmonized inflation rises in June

Harmonized inflation came in at 6.8% in June, which was up from May’s 6.3%. Looking at the details of the release, prices transportation rebounded, while prices for food and non-alcoholic beverages rose at a more moderate pace in June.

Annual average harmonized inflation ticked down to 8.9% in June (May: 9.1%). Meanwhile, consumer price inflation rose to 6.4% in June, from May’s 6.1%.

Finally, harmonized consumer prices rose 0.40% in June over the previous month, swinging from May’s 0.16% fall.

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