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 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.