German inflation increases to 1% in June

Source: The Wall Street Journal
© Scanpix/FP
Consumer price index in Germany advanced in June of the current year, however, the indicator still remains at a relatively weak level, being much lower than the ECB 2% target. On a monthly basis, inflation rose 0.4% in June, raising the annual indicator to as much as 1%, half of the ECB target rate. At the same time, a CPI rise in June followed a 0.6% annual inflation a month ago.
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