Germany's consumer price inflation unexpectedly slowed in June from a record high as the government took measures to reduce the burden of soaring energy prices on households and to reduce fuel consumption, after gas prices surged across Europe following the war in Ukraine.
Consumer price inflation eased to 7.6 percent in June from 7.9 percent in May, preliminary data from Destatis showed on Wednesday. The rate was expected to rise to a new record of 8.0 percent.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.