Germany: Inflation eases marginally, but remains elevated in June
July 12, 2018
In June, consumer prices in Germany rose 0.1% over the previous month, down from a 0.5% increase in May, according to data released by the Federal Statistics Office (Destatis) on 12 July. The print reflected marked price increases for air tickets, package holidays, accommodation services and energy. Energy prices were chiefly affected by higher prices for motor fuels, as household energy prices were largely unchanged. Meanwhile, food prices fell over the prior month.
Inflation eased to 2.1% in June, fractionally down from 2.2% in May. Meanwhile, annual average inflation was stable at 1.7%.
Finally, harmonized inflation (HICP) matched the headline inflation figure of 2.1% in June, down from 2.2% in the previous month.
Author: Jan Lammersen, Economist