Lower energy costs kept inflation at bay in June in Germany, Europe's top economy, authorities said today.
Consumer prices rose by 0.9% compared with the same month last year, the national statistics office said, citing preliminary figures. In May, inflation had risen by 1.2%, suggesting that inflationary pressures could be easing.
'As in the previous months, the year-on-year rate of price increase is mainly determined by the sharp price rises for heating oil and motor fuels,' a statement said. On a monthly basis, consumer prices increased by 0.1%.
Analysts said the figures were 'remarkable', given the dramatic weakening of the euro exchange rate in recent months
