German inflation rises in July, economy grows more than expected in Q2
Consumer prices rose 2.8% in July, the statistics office said, as energy inflation climbed 8.3% after fuel-price relief ended.
- Consumer prices rose an annual 2.8% in July, up from 2.3% in June, according to Data released Thursday by statistics office Destatis.
- German inflation accelerated to the highest level in three months after temporary fuel-price relief expired and energy prices surged 8.3%, the strongest since April.
- Earlier, Spain reported a stronger-than-anticipated 3.8% uptick. Policymakers left borrowing costs unchanged last week while analyzing escalating attacks in and around Iran.
- Slovakia's Governing Council member Peter Kazimir argued at least one more step is needed, while His Lithuanian counterpart Gediminas Simkus said the probability of a hike is "much higher."
- Data for France, Italy, and the 21-nation euro zone are due Friday, with Economists predicting inflation in the latter could edge up to 2.9%.
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43 Articles
Inflation in Germany has once again picked up significantly in July – and politics has a considerable share of responsibility for this. In ... The post "Dank discount", CO2 price and tax package: inflation is getting out of the way again – thanks to Merz appeared first on Apollo News.
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Consumer prices are increasing again. After the expiry of the fuel discount, inflation is rising to 2.8 percent. Experts are now looking primarily at energy prices.
der Standard AT
der Standard DEThe consequences of the Iran war keep inflation at a significantly higher level. Prices for food are on the rise in commodity markets
Economic Caution: German Inflation Rises Amid Global Tensions
German inflation increased in July due to rising energy costs amid geopolitical tensions, raising concerns for the economy’s recovery. Despite unexpected GDP growth in Q2, further threats from Middle East conflicts and environmental conditions could impede economic progress, affecting investment and consumption.
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