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German Consumer Prices Rose in June, in Line With Forecasts

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07/14/2020 | 02:25am EDT

By Maria Martinez

German consumer prices rose in June, driven by a rise in food and drinks prices and confirming preliminary data, German statistics agency Destatis said Tuesday.

Consumer prices in June rose 0.6% month-on-month measured by national standards and 0.7% by EU-harmonized standards, Destatis said. Both increases were in line with the forecasts of economists polled by Dow Jones Newswires.

Consumer prices were up 0.9% year-on-year by national standards and 0.8% on year by EU-harmonized standards. Both increases were also in line with the forecasts of economists polled by Dow Jones Newswires.

 

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

 

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