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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.