Inflation jumped in July in Germany
In Germany, for the first time since August 2008, the annual rate of increase in consumer prices rose above 3 percent in July this year.
According to preliminary data from Destatis released on Thursday, consumer prices rose 3.8 percent in July, compared to a year before, after the 2.3 percent increase of June.
Compared with June, consumer price growth accelerated to 0.9 percent from 0.4 percent in the previous month.
Analysts expected modest annual inflation of 3.3 percent and lower monthly inflation of 0.5 percent. (MTI)
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