Germany's annual inflation eases to 6.2% in July
On monthly basis, Germany's consumer price index rises 0.3%
By Tuba Ongun
ANKARA (AA) – Germany's annual consumer inflation eased to 6.2% in July from 6.4% in June, according to a flash estimate released on Friday.
Core inflation, excluding food and energy, is projected at 5.5% in July, versus 5.8% last month, the Federal Statistical Office (Destatis) data showed.
Food prices rose 11% year-on-year in July, following a 13.7% jump in June.
The cost of energy, on the other hand, accelerated to 5.7% annually, due to a base effect caused by a decline in July 2022, Destatis noted.
On a monthly basis, Germany's consumer price index rose 0.3% in July.
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