Financial News: German Inflation Weakest In 8 Months

German Inflation Weakest In 8 Months

07/10/2025 - 03:33:00 (RTTNews)

(RTTNews) - 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.

"In addition to the continued decline in energy prices, food price inflation slowed in particular," Destatis President Ruth Brand said. "On the other hand, the above-average increase in service prices continued to drive up inflation," Brand added. Excluding energy and food prices, core inflation eased marginally to 2.7 percent in June from 2.8 percent in May. The rate matched the estimate published on June 30.

The statistical office confirmed that inflation based on the harmonized index of consumer prices also softened to 2.0 percent from 2.1 percent.

The annual increase in food prices eased to 2.0 percent from 2.8 percent in May. Services inflation was 3.3 percent compared to 3.4 percent in May. Prices of goods grew at a slower pace of 0.8 percent following a 0.9 percent rise.

On a monthly basis, the consumer price index remained flat after rising 0.1 percent in May. The HICP edged up 0.1 percent, slower than prior month's 0.2 percent increase. Final figures matched initial estimate.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Indonesia Retail Sales Data Due On Monday (01 hr(s), 13 min(s), 51 sec(s) ago)
(RTTNews) - Indonesia will on Monday release July figures for retail sales, highlighting a light d ...Full Story»

Iceland July Trade Deficit Widens (03 hr(s), 40 min(s), 51 sec(s) ago)
(RTTNews) - Iceland's merchandise trade deficit for July increased from a year ago as exports ...Full Story»

Taiwan Trade Surplus Grows In July (13 hr(s), 45 min(s), 51 sec(s) ago)
(RTTNews) - Taiwan's foreign trade surplus increased sharply in July from a year ago as export ...Full Story»

Czech Inflation Confirmed At 2.7% (14 hr(s), 0 min(s),51 sec(s) ago)
(RTTNews) - The Czech Republic's consumer price inflation eased as initially estimated in July ...Full Story»

Hungary Inflation Eases To 4.3% (14 hr(s), 13 min(s), 51 sec(s) ago)
(RTTNews) - Hungary's consumer price inflation softened for the first time in three months in ...Full Story»

Sweden Industrial Output Surges 12.8% (14 hr(s), 35 min(s), 51 sec(s) ago)
(RTTNews) - Sweden's industrial production expanded for the third straight month in June, and ...Full Story»

Swiss Consumer Confidence Falls In July (14 hr(s), 46 min(s), 51 sec(s) ago)
(RTTNews) - Swiss consumers remained slightly more pessimistic in July as the confidence index dec ...Full Story»

French Jobless Rate Steady At 7.5% In Q2 (15 hr(s), 21 min(s), 51 sec(s) ago)
(RTTNews) - France's unemployment rate held steady as expected in the June quarter, the statis ...Full Story»