Brandenburg Gate in Berlin, Germany

Germany Inflation June 2020

Germany: Inflation rises in June

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%).

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