German Consumer Prices Declined in July
|07/30/2020 | 08:25am|
By Maria Martinez
Preliminary data shows German consumer prices declined in July, the German statistics office Destatis said Thursday.
Consumer prices fell 0.5% on month in July measured by both national standards and EU-harmonized standards, Destatis said. Both figures are less than the respective 0.3% and 0.4% declines forecast by economists polled by The Wall Street Journal.
Consumer prices were down 0.1% on year in national standards, below a forecast of 0.0% from economists polled by The Wall Street Journal. Prices remained flat on year in EU-harmonized standards, below the polled economists' forecast of a 0.2% rise.
The final results for July will be released on August 13.
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Corrections and Amplifications
This article was corrected at 1252 GMT because it misstated that the final results for May will be released on Aug. 13. The final results for July will be released that day.