German inflation edges higher in June

Friday 11 July 2014 11.35
German inflation rose to 1% in June from 0.9% in May
German inflation rose to 1% in June from 0.9% in May

Inflation in Germany, Europe's biggest economy, edged fractionally higher in June after reaching its lowest rate in four years the previous month, final data showed today. 

According to data calculated by the federal statistics office Destatis, German inflation rose to 1% in June from 0.9% in May, its lowest level since February 2010. 

The final data confirm a preliminary flash estimate published at the end of June. 

Inflation is currently unusually low across the euro zone, fuelling concerns the region could be on the brink of deflation - a sustained and widespread drop in prices. 

Such concerns led the European Central Bank to cut its key interest rates last month. 

Using the Harmonised Index of Consumer Prices (HICP) - the yardstick used by the ECB - inflation in Germany picked up to 1% in June from just 0.6% in May.

The ECB defines price stability as annual inflation of just below 2%.