German Consumer Prices Rose in June In Line With Forecasts

By Maria Martinez

German consumer prices rose in June, confirming preliminary data, the German statistics office Destatis said 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. Prices 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, both as forecast.

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

Write to Maria Martinez at [e-mail]

(END) Dow Jones Newswires

07-13-21 0224ET