Reported about 1 year ago
German inflation slowed in June after two months of acceleration, indicating a potential stall in the country's economic recovery. Consumer prices rose 2.5% from a year earlier, down from 2.8% in May. Energy costs decreased, goods eased, and services remained unchanged at 3.9%. Reports suggest inflation also moderated in France and Spain, while Italy saw a slight increase. The European Central Bank might need to consider another rate cut in September. Wage growth poses an upside risk to prices, with negotiations indicating ongoing pressure. German Central Bank's head emphasized the need for more investment for sustainable economic growth.
Source: YAHOO