The pace of consumer price inflation accelerated in Germany in June

By: Trademagazin editor Date: 2020. 06. 30. 11:02

Instead of the expected slowdown, the annual rate of increase in consumer prices accelerated in Germany in June, but still fell far short of the European Central Bank’s (ECB) target.

The German Federal Statistical Office (Destatis) said on Monday that consumer prices rose 0.9 percent year-on-year in June from a year earlier. Analysts had expected a 0.6 percent rise after the 0.6 percent increase of May. (MTI)