German Consumer Prices Rose Above Expectations in June

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.

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