German Inflation Rises at Slowest Pace

Berlin, July 30 (QNA) – Annual inflation in Germany rises at its slowest pace in four and half years in July, underlining concerns about deflation taking hold in the 18-member eurozone.

Inflation in the eurozone’s biggest economy slipped from 1 per cent in June to 0.8 per cent this month following a sharp fall in energy costs, Germany’s statistics office says as it releases its preliminary inflation estimate, reported German Press Agency dpa.

The July inflation rate is in line with analysts’ forecasts. Annual consumer prices in Germany now stand at their lowest level since February 2010.(QNA)

Leave a Reply