German inflation slowed in June
In Germany, instead of the expected rise, inflation slowed in June year-on-year, according to the German federal statistical office Destatis.
According to preliminary data from Destatis published on Wednesday, the rise in consumer prices slowed to 7.6 percent in June this year from 7.9 percent in May. Analysts expected 8 percent inflation for June.
The German consumer price index has been well above the European Central Bank’s (ECB) 2% target since July 2021. (MTI)
Related news
Aldi Süd Opens Mixed-Use Property Near Karlsruhe
Discounter Aldi Süd has developed a mixed-use property in Waldbronn…
Read more >Germany’s REWE to open a vegan store this spring
According to a report published on Plant Based News, REWE…
Read more >Is another food price increase expected soon?
In recent weeks, there has been some relief in terms…
Read more >
More related news >
Related news
Aldi to create 5,500 new jobs in the UK this year
In the UK Aldi is creating 5,500 new jobs as…
Read more >Borsodi is the official beer of the Hungarian national football team
Borsodi Brewery and the Hungarian Football Federation have signed a…
Read more >