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The German Inflation Rate Is -0.1% In July 2020

The German Inflation Rate Is -0.1% In July 2020

Consumer prices in Germany, harmonized with EU standards, in July 2020 did not change in annual terms after an increase of 0.8% a month earlier, according to final data from the Federal statistical office of the country (Destatis).

Consumer prices fell by 0.5% compared to the previous month. In June, they increased by 0.7% every month.

Prices calculated according to German standards fell by 0.1% in annual terms in July and by 0.5% in monthly terms.

The dynamics of all four indicators coincided with the previously announced data and the average forecasts of analysts, according to data from Trading Economics.

The inflation rate in Germany, measured as the year-on-year change in the consumer price index, stood at -0.1% in July 2020. This means that the inflation rate declined in July 2020 (June 2020: +0.9%). The Federal Statistical Office (Destatis) also reports that consumer prices decreased by 0.5% compared with June 2020.