Germany's Inflation Holds Steady in June

The Federal Statistical Office Destatis has confirmed that Germany's annual inflation rate stabilized at 2% in June, aligning with the preliminary estimate. This marks no change from the previous month, indicating a period of economic stability.

Energy and Food Prices Show Varied Trends

Energy prices saw a 3.5% decrease compared to June 2024, a slight improvement from May's 4.6% drop. Meanwhile, food prices experienced a 2.0% year-on-year increase but fell by 0.5% from the previous month.

Services and HICP Show Modest Growth

Services climbed by 3.3% year-on-year, with negligible monthly change. The Harmonized Index of Consumer Prices (HICP) also reflected this trend, with a 2.0% annual rise and a 0.1% monthly increase.