Ger­man in­fla­tion picks up but is short of tar­get

The National - News - Business - - Inside Track -

In­fla­tion picked up slightly in Ger­many, Europe’s largest econ­omy, this month, pre­lim­i­nary fig­ures from fed­eral sta­tis­tics of­fice Des­tatis showed yes­ter­day, but re­mained short of the Euro­pean Cen­tral Bank’s euro zone-wide tar­get. Con­sumer prices in­creased by 1.6 per cent year-on-year last month, Des­tatis re­ported in pre­lim­i­nary data. That was slightly faster than in May and also beat the con­sen­sus fore­cast of 1.4 per cent of econ­o­mists sur­veyed by Fac­tset.

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