World News@lemmy.worldEnglish · 2 months ago

German inflation edges up to 2.3% in July

www.dw.com

German inflation edges up to 2.3% in July

www.dw.com

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World News@lemmy.worldEnglish · 2 months ago

German inflation edges up to 2.3% in July – DW – 07/30/2024

www.dw.com

New data from Germany's federal statistics agency showed that inflation in July has increased compared to the previous year. The news came as a surprise after economists had predicted consumer prices to stabilize.

Inflation in Germany rose unexpectedly in July, according to preliminary figures released on Tuesday.

New data released federal statistics agency Destatis on Tuesday showed that consumer prices were up 2.3% from a year ago.

The figures also represented a month-on-month upward trend compared to the 2.2% annual rise seen in June.

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I wish I had an explanation for that, because subjectively I feel the same.

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