Germany: Inflation continues on modest upward trend in July
July 28, 2016
Consumer prices in July rose 0.3% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 28 July. The result came in above June’s 0.1% reading.
Inflation continued to rise in July, inching up from June’s 0.3% to 0.4%. Meanwhile, annual average inflation was stable at June’s 0.2%.
Harmonized consumer prices in July rose 0.4% over the previous month, which exceeded June’s 0.1% increase. HICP inflation picked up from 0.2% in June to 0.4% in July. Meanwhile, average HICP inflation remained stable in July at the 0.1% reading tallied in June.