German inflation confirmed at 2.6% in July
By Frank Prenesti
Date: Friday 09 Aug 2024
(Sharecast News) - German inflation rose to 2.6% in July, according to official data published on Friday, confirming flash data.
Consumer prices in Europe's biggest economy, harmonised to compare with other European Union countries, had risen by 2.5% year-on-year in June.
"Decreases in energy prices in particular are dampening the inflation rate," said Ruth Brand, President of the Federal Statistical Office.
"In contrast, we continue to observe above-average price increases for services," Brand continued.
Compared with June 2024, consumer prices rose by 0.3% in July 2024.
Reporting by Frank Prenesti for Sharecast.com
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