Consumer prices in Germany increased by 2% in July

Consumer prices in Germany, calculated according to national standards, increased in July by 2% in annual terms after growth of 2.1% in June, preliminary data of the Office for Federal Statistics show. Analysts had expected the index to grow by 2.1%. Compared to June, consumer prices increased by 0.3% in July, while analysts had predicted growth of 0.4%. Food products rose in annual terms by 2.5%, services - by 1.6%, household energy - by 6.6%. The growth of consumer prices, calculated by the standards of the European Union, was 2.1% in July in annual terms, just as in June. In monthly terms, prices increased by 0.4%.

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