Germany's consumer price inflation moderated unexpectedly in June to the lowest level in eight months, flash estimates from Destatis revealed on Monday.
Consumer price inflation slowed to 2.0 percent in June from May's stable rate of 2.1 percent. Meanwhile, economists had expected inflation to rise to 2.2 percent. A similar increase was last seen in October 2024.
Further, inflation has now come in line with the European Central Bank's target.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.