Read more
6:35 AM · 11 July 2023

BREAKING: Final CPI in Germany, food drives prices!

-
-
Open account Download free app

Germany, CPI report for June:

  • the inflation rate in Germany came at +6.4% y/y, slightly higher than the previous month's rate of +6.1%.
  • Food prices remained the biggest driver of inflation, with a y/y increase of +13.7%.
  • Energy product prices rose by 3.0% y/y, influenced by factors such as the Russian attack on Ukraine and government relief measures.
  • Core CPI: Excluding energy and food, the inflation rate was +5.8%.
  • Goods prices increased by 7.3% y/y, mainly driven by non-durable consumer goods (+8.8%).
  • Service prices rose by 5.3% y/y, with net rents and the introduction of the Germany ticket affecting price developments.

The inflationary pressure in the largest economy of the EU remains high. Inflation came in line with expectations but at a higher level compared to the previous month. The higher data from Germany strongly supports the continuation of the interest rate hike cycle by the ECB.

EURUSD ticks higher after the publication, M15 interval, source xStation 5

6 March 2026, 6:59 PM

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher

6 March 2026, 4:47 PM

Three markets to watch next week (06.03.2026)

6 March 2026, 1:30 PM

BREAKING: US100 ticks lower 📊US NFP report much weaker than expected

6 March 2026, 1:29 PM

Market Wrap: Capital Flees Europe 🇪🇺 📉

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits