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German inflation unexpectedly falls to 2% in June, hitting ECB’s target


Janine Kraft, director of the store at the Tante Enso store in Wörlitz, Germany, sorts goods on the shelves.

Photo alliance | Photo alliance | Getty images

The annual inflation rate of Germany has unexpectedly ended at 2% in June, bringing the largest economy in Europe to the objective of the European Central Bank, Preliminary data from Statistics Office Destatis showed on Monday.

The analysts interviewed by Reuters expected a reading of 2.2% in the twelve months until June.

German printing is harmonized in the euro zone, allowing a direct comparison with other single currency.

The consumer price index had been faded at 2.1% of the year to May.

This is a press article, please check other updates.



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