Germany June final CPI +2.2% vs +2.2% y/y prelim

  • Latest data released by Destatis - 11 July 2024
  • Prior +2.4%
  • HICP +2.5% vs +2.5% y/y prelim
  • Prior +2.8%

No changes to the initial estimate with core annual inflation seen at 2.9%, marking a fall below the 3% mark for the first time since February 2022. But there is still work to do in order to get it back down towards the desired 2% level.

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