Germany's June CPI Slows to 2.3% as Energy Inflation Eases
Updated
Updated · IndexBox, Inc. · Jul 10
Germany's June CPI Slows to 2.3% as Energy Inflation Eases
3 articles · Updated · IndexBox, Inc. · Jul 10
Summary
Germany’s annual CPI inflation cooled to 2.3% in June from 2.6% in May and 2.9% in April, while consumer prices fell 0.3% month on month.
Energy prices rose 3.4% from a year earlier—down from 6.6% in May—as fuel inflation slowed to 11.3% and light heating oil to 29.4%; both also fell from May levels.
Federal measures helped keep overall household energy 1.6% cheaper than a year earlier, with electricity down 5.2%, natural gas down 2.9% and district heating down 0.9%.
core inflation held above headline CPI at 2.5%, and services remained a key pressure point with prices up 3.1%, led by social care, vehicle repair and personal care.
Food inflation stayed muted at 0.4%, underscoring that June’s slowdown was driven mainly by easing energy pressures despite lingering effects from the Iran conflict.