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June 29, 2023
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Germany HICP inflation 6.77% y-o-y (consensus 6.7) in Jun-23

- Germany's HICP inflation exceeded expectations at 6.77% in June 2023, reaching the highest growth rate since April 2023.
- The inflation rate is significantly under the one-year average by 2.19 percentage points and yet over the long-run average by 4.95 percentage points, indicating a persistent and potentially challenging inflationary environment.

June 29, 2023
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Germany HICP inflation 6.77% y-o-y in Jun-23


- Germany's HICP inflation reached 6.77% in June 2023, the highest level since April 2023, indicating a significant surge in consumer prices.
- The current inflation figure is 2.19 percentage points below the one-year average and 4.95 percentage points above the long-run average, suggesting a longer-term upward trend in prices.

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