German Consumer Prices Decelerate in June

By Maria Martinez

German consumer prices rose in June but at a slower pace than in the previous month, according to preliminary data released by the German statistics office Destatis on Tuesday.

Consumer prices rose 2.3% on year measured by national standards, in line with the forecasts of economists polled by The Wall Street Journal. They rose 2.1% on year by European Union-harmonized standards, also in line with forecasts.

Consumer prices rose 0.4% on month by both national standards and EU-harmonized standards, as economists polled by The Wall Street Journal had forecast.

The price collection problems caused by the pandemic in the previous months was less severe in June, as the shop-based retail business and food service and accommodation establishments were largely reopened or could offer their services again, Destatis said.

Final results will be released on July 13.

Write to Maria Martinez at [e-mail]

(END) Dow Jones Newswires

06-29-21 0824ET