In July, inflationary pressure eased slightly in Germany
In July, according to expectations, the inflationary pressure in Germany eased slightly, according to the Wednesday report of the German Federal Statistical Office, Destatis. Inflation continues to be driven by rising energy and food prices.
Inflation in Germany decreased from 7.6 percent in June to 7.5 percent, the same as the preliminary value, according to the final data of Destatis. In May, the rate of annual increase in consumer prices was still 7.9 percent.
Compared to the previous month, consumer prices also increased by 0.9 percent in July, corresponding to the preliminary value, after the monthly price increase of 0.1 percent in June.
The harmonized consumer price index calculated for EU comparison purposes (HICP) was 8.5 percent on an annual basis in July, the same as the preliminary value. In June, the German HICP was 8.2 percent on an annual basis. On a monthly basis, the EU harmonized consumer price index was 0.8 percent in July, after minus 0.1 percent in June.
Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >