Inflation in Germany came to 1.7 percent in July on an annual basis, from 1.6 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 1.7 percent, the same as an earlier estimate. On a monthly basis, German consumer prices went up by 0.5 percent, after a 0.3 percent increase in June.
On the basis of the European harmonized measurement method, German inflation amounted to 1.1 percent, from 1.5 percent a month earlier. Economists counted on average at 1.1 percent, as with the previous estimate.
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