German Inflation Slowed in June
Germany’s inflation rate eased in June, according to data released on Friday by the country’s federal statistics office.
Consumer Prices Rose 2.4%
Consumer prices increased by 2.4% year-over-year in June. This was lower than May’s annual inflation rate of 2.7%, showing that price pressures continued to cool.
Preliminary Inflation Data Confirmed
The statistics office confirmed its preliminary estimate for June. The figure is based on Germany’s EU-harmonized consumer price index, which allows inflation data to be compared with other European Union countries.
