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Inflation rate of +6.2% expected in July 2023
The inflation rate in Germany is expected to be +6.2% in July 2023. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. In June 2023, the inflation rate was +6.4%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.3% on June 2023. The inflation rate excluding food and energy, often referred to as core inflation, is expected to be +5.5% (June 2023: +5.8%). table In July 2023, food prices continued to show above-average growth (+11.0%) compared with the same month of ... (full story)