German inflation subdued in June: statistics

9th July 2010, Comments 0 comments

Lower energy costs restricted inflation in June in Germany, Europe's top economy, authorities said on Friday, confirming preliminary data.

Consumer prices rose by 0.9 percent compared with the same month last year, the national statistics office said.

In May, inflation had risen by 1.2 percent, suggesting that inflationary pressures could be easing.

"The rate is still well below the threshold of two percent, which is important for monetary policy," the statistics office commented.

On Thursday, the European Central Bank left interest rates at a record low 1.0 percent, where they have been since May 2009.

© 2010 AFP

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