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Rhineland-Palatinate, Mainz: Fruits are sold in the weekly market.
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In July, German inflation fell more than expected, up to 1.8%, the data of the Destatis statistics agencies showed on Thursday.
Economists interviewed by Reuters expected inflation to fall to 1.9%. Reading in July compared with 2% print recorded in JuneWhich led to German inflation in accordance with the purpose of the European Central Bank.
The figures are harmonized throughout the euro area to ensure comparability. The Eurozone inflation data should be at the end of this week, and the reading forecast will be 1.9%.
The data showed that the so -called basic inflation, which deprived the cost of food and energy, was 2.7%, without changing, showed the data. Meanwhile, in July in July, printed printed printed printing decreased from 3.3% to 3.1%.
Karsten B. Brzeska, Head of World Macros in Ing, said on Thursday that in the latest data proposed by Germany, “is currently undergoing the disinfectant process.” It is expected that the headline inflation will remain below, but close to 2%, he added.
Economists and analysts carefully watch inflation numbers when they evaluate the impact of US President Donald Trump’s tariff policy. Several branch tariffs have already been operating in recent months, as well as temporarily reduced mutual duties.
Last week, the European Union and the US came to an agreement that includes EU goods Press 15% tariffs. Although, allegedly, the levies will affect the US prices, less clear when and how inflation can affect any other place.
“It remains to learn how European and US companies will respond to tariffs in the US. While one scenario can see the prices that fall in the eurozone from the -wrapping and weaker sales in the US, the global levels can actually increase prices in Europe to exclude the profit in the United States,” Brzesk said.
Inflation figures on Thursday come as soon as the destatis on Wednesday published a preliminary reading of the gross domestic product in the second quarter of Germany. Economy slightly shrinking By 0.1% for the period, noting a decrease from 0.3% growth, recorded in the first quarter.
