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German inflation rises 2.1% in June

Thursday, Jun 28 2018
German inflation rises 2.1% in June

German inflation rose in line with expectations last month, according to a report released on Thursday. The consumer price index rose 2.1% last month, compared with the same month a year earlier, according to data from the Federal Statistics Office. The reading was slightly weaker than May's 2.2% increase but the minor dip was unlikely to alter the European Central Bank's outlook on monetary policy. Prices rose 0.1% from a month earlier.

Economists had expected annual inflation to increase 2.1% and monthly inflation to rise 0.2%. The state readings are not harmonized to compare with other euro zone countries. Consumer prices, harmonized to compare with other euro zone countries, rose by 2.1% from the previous year and rose 0.1% from the previous month.

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