Commerzbank Corporates & Markets
Economic Research
https://research.commerzbank.com
Economic Briefing
Germany: Inflation back in the 2% area
German consumer prices surprisingly rose 0.2% month-on-month in June. Food prices were up significantly once again, probably at least in part due to the floods in Germany. Numerous services became more expensive as well. This development seems to be a consequence of strong wage growth. The rate of inflation jumped from 1.5% in May to 1.9% in June.
Kind regards,
Ulrike Rondorf
No comments:
Post a Comment