Preliminary data shows Germany’s annual inflation rate rose to 2.8% in July, slightly above the 2.7% consensus estimate.
Germany’s annual inflation rate climbed to 2.8% in July, up from 2.3% in June, aligning with market expectations of 2.7%. The increase was driven by a 0.8% month-over-month rise in consumer prices.
Core inflation, which excludes food and energy, eased marginally to 2.4% from 2.5% in June. The data reflects ongoing price pressures in Europe’s largest economy amid shifting monetary policy expectations.
Markets are closely watching for signals on the European Central Bank’s next moves, as inflation trends influence rate decisions.