Year-on-year inflation slowed in July in Germany to 7.5%, remaining at a very high level due to the war in Ukraine, according to provisional data released on Thursday.
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The figures published by the Destatis institute indicate that inflation has slowed down slightly, since in June there was 7.6%having already registered at that time a deceleration with respect to the 7.9% of May.
The rise in prices fell back, as it had in June, after the government measures adopted to support purchasing power, according to the statement released by the institute.
Compared to the previous month, inflation reached 0.9%.
In Germany, the rise in energy (+35.7%) and food (+14.8%) prices once again had “a significant impact” on the inflation rate, according to Destatis, which also points to the effects on prices of the problems that persist. in supply chains after the Covid-19 pandemic.
Source: Observadora
