Germany's consumer price inflation eased in July after accelerating in the previous month, mainly due to slower growth in food prices and services, preliminary data from the statistical office Destatis showed Friday. The consumer price index rose 6.2 percent year-on-year following a 6.4 percent increase in June. That was in line with economists' expectations. Excluding food and energy prices, the core CPI rose 5.5 percent annually after a 5.8 percent climb in the previous month.
Services inflation slowed to 5.2 percent from 5.3 percent. The base effect due to the availability of the 9-euro ticket from June through August 2022 still has an impact on service prices, Destatis said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.