Germany Inflation June 2020

Germany

Germany: Inflation rises in June

July 13, 2021

Harmonized consumer prices increased 0.40% over the last month in June, following May’s 0.30% increase. The print reflected a notable uptick in energy prices, particularly due to pricier oil. This more than offset falling prices for food.

Harmonized inflation eased to 2.1% in June, down from May’s 2.4% print. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 1.1% in June (May: 1.2%).

FocusEconomics panelist expect harmonized inflation to average 2.0% in 2021 and 1.5% in 2022.


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Germany Inflation June 2021

Note: Annual and monthly variation of consumer price index in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.


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