2023-07-11 02:02:36 ET
Inflation Rate in Germany increased to 6.4% in June from 6.1% in May of 2023.
"The inflation rate has increased again somewhat after having weakened three months in a row," says Ruth Brand, President of the Federal Statistical Office, and adds: "Food is still the strongest price driver. In addition, the federal government’s relief measures from 2022 – 9-euro ticket and fuel discount – have a base effect that increases the current inflation rate.” As the Federal Statistical Office (Destatis) also reports, consumer prices rose in June 2023 compared to the previous month May 2023 by 0.3%.
In June 2023, the prices for energy products were 3.0% higher than in the same month of the previous year, after +2.6% in May 2023. Food prices rose by 13.7% in June 2023 compared to the same month last year, after +14.9% in May 2023. In June 2023, the prices for services as a whole were 5.3% higher than in the same month of the previous year.
ETFs: ( EWG ), ( DBGR ), ( FGM ), ( DXGE )
Currency: ( EUR:USD )
For further details see:
Germany inflation rate increases to 6.4% in June