Germany: Inflation edges up in June
June 30, 2017
Consumer prices increased 0.2% in June, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May. The result contrasted May’s 0.2% contraction.
Inflation rose from 1.5% in May to 1.6% in June, overshooting market expectations of decline to 1.4%. Meanwhile, annual average inflation edged up from 1.2% in May to 1.3% in June.
Harmonized inflation also edged up slightly in June, rising to 1.5% from May’s 1.4%, while average HICP inflation rose to 1.2% from 1.1% in May.
Author: Christopher Mc Innes, Economist