Germany: Inflation decreases in June
June 29, 2015
Consumer prices in June fell 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 June. The result marked the steepest drop in five months and contrasted May’s 0.1% increase.
Headline inflation fell from May’s seven-month-high of 0.7% to 0.3% in June. Meanwhile, annual average inflation remained at May’s 0.5%.
HICP inflation, which is based on the harmonized index of consumer prices, dropped from May’s 0.7% to 0.1% in June. Annual average HICP inflation came in at 0.4% in June, which mirrored May’s reading.