1.7% German inflation recorded in July

1.7% German inflation recorded in July

PanARMENIAN.Net - Inflation in Germany, Europe's biggest economy, stood at 1.7 percent in July, unchanged from the figure for June, final datashowed on Friday, August 10.

On a monthly basis, the cost of living in Germany rose by 0.4 percent in July from June, pushed by higher prices for package holidays and fuel, the national statistics office Destatis said in a statement.

The final data confirmed provisional inflation numbers released at the end of last month.

Using the Harmonised Index of Consumer Prices, the ECB's inflation yardstick, the rate of inflation in Germany slipped to 1.9 percent in July, the first time since December 2010 that it had been the key level of 2.0 percent.

The ECB defines price stability as increases in HICP of close to but just below 2.0 percent, AFP reported.

 Top stories
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
In turn, Armenia will provide $500 thousand in abolished taxes and duties for imported equipment and pipes.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news