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Germany's Jul HICP +1.2% Y/Y, Below Median Fcast
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German consumer prices in July rose 0.2% in national terms and 0.3% in EU-harmonized terms, with annual rates standing at +1.1% for CPI and +1.2% for HICP, the Federal Statistical Office (FSO) estimated Wednesday.
The median forecasts in a MNI survey of analysts were for a 0.3% monthly rise of both CPI and HICP.
As usual, the Federal Statistics Office provided few details on price developments with its flash release. It pointed to data from reporting states which showed that due to the start of the holiday period, prices for packaged holiday tours and hotel services rose strongly on the month.
Annual inflation was driven by higher prices for heating oil and motor fuel as well as... Full Story |
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Submitted Jul 28, 2010 8:40am
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