Inflation jumped in July in Germany

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)