German Inflation is three times bigger than GDP growth

G

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.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories