German CPI accelerates to 1.9% in July over a year

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Source: WBP Online
© Scanpix/AFP
The German Consumer Price Index speeded up by 1.9% year-on-year this month, according to preliminary information released by German statistical office, while the final figures will be be announced on August 13. Markets expected a 1.7% increase. Also the German consumer sentiment gauge rose from 6.8 to 7 as labour market and economic conditions are improving.
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