Germany: Inflation edges up in July
August 11, 2017
Consumer prices increased 0.4% in July, according to data released by the Federal Statistics Office (Destatis) on 11 August. The result came in above June’s 0.2% increase.
Inflation rose from 1.6% in June to 1.7% in July, overshooting market expectations of decline to 1.5%. Meanwhile, annual average inflation edged up from 1.3% in June to 1.4% in July.
Harmonized inflation was stable at June’s 1.5%, while average HICP inflation rose to 1.3% from 1.2% in June.
Author: Christopher Mc Innes, Economist