German inflation rises in July, economy grows more than expected in Q2
Consumer prices rose 2.8% in July, the statistics office said, as energy inflation climbed 8.3% after fuel-price relief ended.
- Consumer prices rose an annual 2.8% in July, up from 2.3% in June, according to Data released Thursday by statistics office Destatis.
- German inflation accelerated to the highest level in three months after temporary fuel-price relief expired and energy prices surged 8.3%, the strongest since April.
- Earlier, Spain reported a stronger-than-anticipated 3.8% uptick. Policymakers left borrowing costs unchanged last week while analyzing escalating attacks in and around Iran.
- Slovakia's Governing Council member Peter Kazimir argued at least one more step is needed, while His Lithuanian counterpart Gediminas Simkus said the probability of a hike is "much higher."
- Data for France, Italy, and the 21-nation euro zone are due Friday, with Economists predicting inflation in the latter could edge up to 2.9%.
34 Articles
34 Articles
Economic Caution: German Inflation Rises Amid Global Tensions
German inflation increased in July due to rising energy costs amid geopolitical tensions, raising concerns for the economy’s recovery. Despite unexpected GDP growth in Q2, further threats from Middle East conflicts and environmental conditions could impede economic progress, affecting investment and consumption.
German inflation accelerates to 2.8% in July
German inflation accelerated in July, reaching 2.8% year-on-year, in line with forecasts, preliminary data from the federal statistics office showed on Thursday. Analysts polled by... -July 30, 2026 at 11:20 am EDT MarketScreener
Daily life in Germany has become significantly more expensive this month due to the expiration of an excise duty discount on petrol and diesel. Inflation rose to 2.8 percent year-on-year in July, from 2.3 percent in June, according to the German Federal Statistical Office. After two months, the discount of 17 euro cents per liter of fuel came to an end.
German inflation rises as energy price growth accelerates
German inflation picked up pace in July, provisional data showed Thursday, as energy price growth accelerated. Overall inflation came in at 2.8 percent in July, statistics office Destatis said, up from 2.3 percent in June.Excluding volatile food and energy costs, price growth came in at just 2.4 percent.But energy prices were up 8.3 percent – a faster rate of growth than in May or June.Energy costs have been volatile amid the collapse of a fragi…
According to provisional figures, inflation in Germany rose sharply in July. Economists see reasons for this mainly in the expiry of the tank discount and in the consequences of the ongoing Iran war.
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