Germany's inflation eased to the lowest in eight months in June, as initially estimated, due to continued decline in energy prices and slowdown in food inflation, final data from Destatis showed on Thursday.
Consumer price inflation slowed to 2.0 percent in June, in line with flash estimate, from 2.1 percent in May.
A similar lower rate was last reported in October 2024. With the latest slowdown, inflation hit the European Central Bank 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.