GO
Loading...

German July Final Consumer Price Index Rises 0.4%

Consumer prices in Germany rose 0.4% in July from June and were up 1.9% from a year earlier, according to final figures from the Federal Statistics Office.

The figures confirmed the preliminary estimates given by the Statistics Office on July 27 and were also in line with forecasts submitted by economists polled by Thomson Financial News.

The Statistics Office said the HICP in July rose 2% year-on-year and was up 0.5% month-on-month, also confirming preliminary figures.

The rise on the month was mainly due to a 16.3% increase in the price of package holidays and accommodation as the summer holiday season got underway, as well as a rise in the price of heating oil.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Demo of an Instagram feature that lets advertisers post multiple photos which users swipe through horizontally.

  • Greg Gordon, ISI Group, makes the bear case against the utility sector. Mark Newton, Greywolf Execution Partners, thinks now is the time to buy into the space.

  • Michael Sansoterra, Silvant Capital Management, discusses how Apple can help banks verify and protect cardholders.