German inflation unexpectedly falls to 2% in June, hitting ECB’s target
Janine Kraft, the store manager of Tante Enso store in Wörlitz, Germany, divides the goods into shelves.
Picture Alliance | Picture Alliance | Getty Images
Germany’s annual inflation rate unexpectedly reached 2% in June and made Europe’s largest economy in line with the target of the European Central Bank. Pre -data from the Statistics Office Destatis Showing Monday.
The analysts who participated in the survey by Reuters waited to read 2.2% in June in June.
The German edition is compatible in the euro zone and provides a direct comparison with other single currency situations. The consumer price index had reached 2.1% until May.
In other parts of Europe, June inflation readings have increased a small increase in the compatible rate of France and Spain, but there was no change in Italy.
Capital Economics Senior European economist Franziska Palmas said the latest inflation data will please ECB, which is expected to reduce rates in this cycle.
“In general, the figures add evidence that inflation in the euro zone returns to the target in a sustainable way. We expect to prevent a renewed increase in energy prices, an average of 2.0% this year and an final ratio of ECB to 1.75%. “He said.
According to the analysts participating in the survey by Reuters, Euro zone inflation data will be held on Tuesday.
This is a last -minute news story, please check for more updates.
