Germany's inflation rate, measured
as the year-on-year change in the consumer price index (CPI),
was +2.3% in July 2024, the statistical office Destatis said
today. The rate of change was +2.2% in June 2024 and +2.4% in
May 2024. "Decreases in energy prices, in particular, are
dampening the rate of inflation," states Ruth Brand, President
of the Federal Statistical Office (Destatis).
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