Germany's EU harmonized inflation accelerated more than economists expected in June, latest data showed Friday.
Inflation as per the harmonized index of consumer prices (HICP) advanced to 1.9 percent in June from 1.6 percent in May, preliminary data released by the Federal Statistical Office showed Friday. Economists had forecast a more modest acceleration to 1.8 percent.
On a monthly basis, the HICP edged up 0.1 percent in June, slower than the 0.3 percent gain seen in the previous month. The June outcome was in line with economists' forecast.
At the same time, the consumer price index moved up 1.8 percent annually in June, after rising 1.5 percent in May and 1.2 percent in April. Economists were looking for a figure of 1.7 percent.
Sequentially, the consumer price index edged up 0.1 percent, following the previous month's 0.4 percent gain. The index was forecast to stay flat month-on-month.
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