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German Consumer Prices Rose Above Expectations in June

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06/29/2020 | 08:30am EDT

By Maria Martinez

Preliminary data shows German consumer prices rose more than expected in June, the German statistics office Destatis said Monday.

Consumer prices rose 0.6% on month in June measured by national standards and 0.7% in EU-harmonized standards, Destatis said. Both figures are above the 0.3% economists polled by Dow Jones Newswires had forecast in both cases.

Consumer prices were up 0.9% on year in national standards, above a forecast of 0.6% from economists polled by Dow Jones Newswires. Prices rose 0.8% on year in EU-harmonized standards, above the polled economists' forecast of a 0.5% rise.

The final results for May will be released on July 14.

 

Write to Maria Martinez at maria.martinez@wsj.com

 

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