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6.2% inflation rate expected in July 2023 in Germany: Destatis

31 Jul '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • The consumer price index-based inflation rate in Germany is expected to be 6.2 per cent in July.
  • In June, it was 6.4 per cent, according to the Federal Statistical Office.
  • Consumer prices are expected to increase by 0.3 per cent in July over the June figure.
  • Core inflation, meanwhile, is expected to be 5.5 per cent in July. It was 5.8 per cent in June.
The consumer price index (CPI)-based inflation rate in Germany is expected to be 6.2 per cent in July. In June, it was 6.4 per cent, according to the Federal Statistical Office (Destatis).

Consumer prices are expected to increase by 0.3 per cent in July over the June figure.

The inflation rate excluding food and energy, often referred to as core inflation, is expected to be 5.5 per cent in July. It was 5.8 per cent in June.

In July this year, the increase in energy prices was somewhat higher again at 5.7 per cent.

In June, the year-on-year increase in energy prices was 3 per cent.

ALCHEMPro News Desk (DS)
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