Categories: Economy

Germany’s June inflation has been announced

Annual consumer inflation in Germany was 6.4 percent in June

The German Federal Statistical Office today announced final data on consumer inflation (CPI) for June.

In Germany, the annual CPI was 6.4 percent in June 2023. Furthermore, consumer prices in the country increased by 0.3 percent per month.

Thus, consumer inflation exceeded the level of 6.1 percent in May. While the main data from the Federal Statistical Office was confirmed, it was noted that the rise in consumer prices did not slow down in June.

ENERGY AND FOOD INFLATION

In June, the largest contribution to inflation came from energy prices. In June 2023, energy commodity prices increased by 3% year-on-year. Rising prices for natural gas and electricity came to the fore.

Food inflation was 13.7 percent annually in June. Annual subjacent inflation was 5.8 percent.

Natural gas inflation in Germany in June

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.