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

    › Learn More

Don't Miss

U.S. Video

  • Insight to three properties in Minneapolis, with Matt Baker, Coldwell Banker Burnet.

  • CNBC's Jackie DeAngelis and the Futures Now Traders provide their play on the U.S. dollar as the S&P hit an all-time high, and a money-making oil play as gold plunges to a two-month low.

  • Indiana Kelley School of Business professor and faculty chair Phillip Powell, discusses how his school takes on the disruption of online education, and the immersive program at the school where students are thrust into danger zones to help small businesses get off the ground.