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- German inflation unchanged in July
German inflation unchanged in July
Germany's EU harmonized inflation stayed unchanged in July, contrary to economists' forecast for a slowdown, latest data showed Tuesday.
Inflation, as per the harmonized index of consumer prices (HICP), was 1.9 percent in July, unchanged from the June figure, the Federal Statistical Office said. Economists had forecast inflation to ease to 1.8 percent.
The HICP moved up 0.4 percent compared to June, when it logged a 0.1 percent gain. The index was forecast to grow 0.3 percent month-on-month.
At the same time, the consumer price index advanced 1.9 percent year-on-year in July, after growing 1.8 percent a month earlier. The annual growth was expected to ease to 1.7 percent.
Sequentially, the consumer price index increased 0.5 percent during the month, following the previous month's 0.1 percent gain. The forecast was for a weaker rise of 0.3 percent, data showed.
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