German Inflation is three times bigger than GDP growth


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.

By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by

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