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The Federal Statistical Office (Destatis) released its final data on Germany's consumer price inflation for June.
According to the data, German consumer prices rose 1.7 percent y-o-y in June, matching the preliminary estimate and following a 1.6 percent y-o-y gain in May. That was the highest inflation rate since April, mainly boosted by rising energy prices, which demonstrated a 0.9 percent y-o-y surge in July after flat performance in June. Meanwhile, food inflation slowed marginally to 2.7 percent y-o-y this month from 2.8 percent y-o-y a month ago.
On a monthly basis, consumer prices rose 0.4 percent, in line with the flash estimate and following a 0.2 percent rise in June.
The harmonized index of consumer prices (HICP) for Germany, which is calculated for European purposes, increased in July by 1.5 percent y-o-y and by 0.4 percent m-o-m, as estimated initially.
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