Consumer price inflation in Germany unexpectedly increased in July and the core figure remained stubbornly high as well as way above the European Central Bank's 2 percent target amid the persistence of sticky services inflation and cast doubts on the chances of an interest rate cut in September.
The consumer price index rose 2.3 percent year-on-year following a 2.2 percent increase in June, preliminary figures from the statistical office Destatis showed Tuesday.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Jyotsna V
For comments and feedback: contact editorial@rttnews.com