Germany's inflation rate picks up slightly in June
(MENAFN) Official data showed that inflation rate in Germany edged up in June from a four-year low level in May, but still failed to uplift the overall euro zone inflation, Xinhua reported.
German Federal Statistical Office (Destatis) said that German consumer prices rose by 1.0 percent compared to the same period last year.
Meanwhile, in May 2014, the annual inflation rate measured by consumer prices index (CPI) went down to 0.9 percent, the lowest since June 2010.
The inflation rate in Germany, as well as in the overall euro zone, remained below the 2 percent target of the ECB.
German Federal Statistical Office (Destatis) said that German consumer prices rose by 1.0 percent compared to the same period last year.
Meanwhile, in May 2014, the annual inflation rate measured by consumer prices index (CPI) went down to 0.9 percent, the lowest since June 2010.
The inflation rate in Germany, as well as in the overall euro zone, remained below the 2 percent target of the ECB.
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