German inflation slowed in June

By: Trademagazin editor Date: 2022. 07. 13. 11:02

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Inflation slowed down in Germany in June in an annual comparison, the German Federal Statistical Office announced on Wednesday as final data.

Price increase has slowed in Germany

According to Destatis data, the rise in consumer prices decreased to 7.6 percent in June this year from 7.9 percent in May. At the same time, the German consumer price index has significantly exceeded the European Central Bank’s (ECB) inflation target of 2 percent since July 2021. (MTI)