Germany's inflation slowed to 2.3% in June despite ongoing energy pressures
Germany's inflation slowed to 2.3% in June, amid ongoing energy pressures, as the annual inflation rate decreased from 2.6% in May and 2.9% in April, despite a 3.4% annual rise in fuel and energy prices. Prices are expected to spike again in July once the fuel tax discount ends, while food prices remain stable at a 0.4% rate. Service costs continue to be a major factor driving inflation up to 2.5%, excluding volatile prices. This comes amid rising tensions in the Middle East, which could lead to a new increase in oil prices.
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