Inflation in Germany remained stable in July, at the objective level established by the European Central Bank (ECB), according to the final figures published on Wednesday. The consumer price index increased by 2.0% for a year, as in June, confirmed the destrols of the Statistics Institute in its final estimate. From June to July, general inflation, however, GRAPP 0.3%, due to the sudden increase of 12.7% of the prices of aircraft tickets abroad.
For more than a year, inflation has slowed down considerably in Germany after reaching heights during the energy crisis caused by Russian invasion in Ukraine. As in the previous months, the reflux of inflation in July is explained by the decrease in energy prices, 3.5% compared to July 2024.
Services prices have effectively earned 3.1% since July 2024, especially in combined transport – use of several modes of transport – of people (+11.3%). Postal and package delivery services (+9.0 %), as well as social establishments services (+8.2 %) also obtained prices.
Increased food prices
As for food products, there were 2.2%more expensive than a year ago, mainly due to fruits (+7.6%), sugar, jams, honey and other sweets (+5.6%), as well as eggs and dairy products (+4.1%). On the contrary, thanks to sales periods, clothing prices decreased 3.5% for a month.
Despite the stabilization of prices, Germany does not yet see a sustainable rebound in household consumption, which has certainly shown encouraging signs in the second quarter.
Source: BFM TV
