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German inflation rises as estimated in June

German inflation rises as estimated in June

BERLIN: Germany’s consumer price inflation increased as initially estimated in June, latest figures from Destatis showed Thursday.

The consumer price index rose at a slightly faster pace of 1.6 percent year-over-year in June, following a 1.5 percent climb in May. That was in line with the flash data published on June 26.

Energy prices remained flat following May’s 2 percent increase. Meanwhile, food inflation rose to 2.8 percent from 2.4 percent.

On a monthly basis, consumer prices edged up 0.2 percent in June, reversing a 0.2 percent drop in the prior month. The latest figures confirmed preliminary data.

The harmonized index of consumer prices advanced 1.5 percent year-on-year in June, as estimated earlier, after climbing 1.4 percent in May. Month-on-month, the HICP moved up 0.2 percent.