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.
by Jyotsna V
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