Annual Inflation rate unchanged in Germany
Inflation readings compared with the same period last year was unchanged in Germany in June. The Federal Statistics Office said CPI final y/y was 1.7% in June, unchanged from May and as previously forecasted. CPI final m/m was also confirmed as forecasted, showing a fall to -0.1% like in May.
Harmonised consumer prices were also unchanged from the previous readings. HICP final y/y came in at 2.0% as expected, while HICP final m/m dropped to -0.2% also as expected.
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