Germany's 6monthly CPI final reading, year on year, 2.3% rise, unchanged from the preliminary reading
Germany's 6final consumer price index rose 2.3% year on year, matching the preliminary reading. Energy prices were cited as the key factor, and the statistics office said that the slower pace of energy price increases compared with the previous month helped lower the inflation rate.
Germany's 6final consumer price index rose 2.3% year on year, matching the preliminary reading. European inflation trends affect interest-rate and exchange-rate assessments, so domestic investors also need to pay attention.
Germany's Federal Statistical Office announced that 6monthly CPI fell 0.3% month on month. The same data showed that core prices, excluding food and energy, rose 2.5% year on year.
The Federal Statistical Office explained that energy prices have continued to rise at an above-average pace under the impact of the war in Iran, remaining a key factor in inflation. However, it said that the pace of increase in energy commodity prices had eased compared with the previous month, helping to cool the inflation rate.
This final figure matched the preliminary estimate, showing that there was little change in the initial tally. The final figure 10was released (local time).
The consumer price index is an indicator that shows changes in the cost of living, and fluctuations in energy and food prices have a major influence on changes in the index. The explanation from Germany’s Federal Statistical Office reconfirms that the energy sector accounts for an important part of price movements.
Sources: 연합인포맥스
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