Inflation in Germany was 1.6 percent on an annual basis in June, from 1.4 percent a month earlier. The German Federal Statistical Office reported this on the basis of definitive figures.
In general, economists were already counting on an inflation rate of 1.6 percent, the same as an earlier estimate. On a monthly basis, German consumer prices went up by 0.3 percent, after an increase of 0.2 percent in May.
On the basis of the European harmonized measurement method, German inflation amounted to 1.5 percent, from 1.3 percent a month earlier. Economists forecasted a figure of 1.3 percent.