Tuba Ongun
01 July 2024•Update: 01 July 2024
ANKARA
Germany's consumer inflation rate cooled in June after rising a month earlier thanks to an acceleration in energy cost declines, according to provisional data released on Monday.
Consumer prices climbed 2.2% at an annual pace in June, after May's 2.4% rise, Destatis data showed.
The price of energy fell 2.1% year-on-year in June, following a 1.1% fall in the prior month. Food inflation, on the other hand, accelerated to 1.1% from 0.6% in the same period.
Core inflation, stripping out food and energy, was expected to come in at 2.9% last month.
On a monthly basis, Germany's Consumer Price Index gained 0.1% in June.
