BUSINESS
German inflation is showing a surprising acceleration - Economo
BUSINESS

German inflation is showing a surprising acceleration - Economo

Published: June 29, 2020  |  2 min read, 425 words
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Inflation in Germany is accelerating more than economists expected in June, in part due to higher prices charged by service providers who face strict hygiene measures following the easing of blockades.Consumer prices increased by 0.8% on an annual basis and by 0.7% compared to the previous month. The data are above the forecasts of economists. Official figures show a sharp rise in the market value of cosmetics and beauty services, as well as prices in restaurants and cafes, as businesses still face restrictions to prevent the spread of the coronavirus.Economists and politicians across... READ MORE
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