Germany's annual inflation rate was at 2.2% in June, down from 2.4% in May, the federal statistical authority Destatis said on Thursday. 'Energy and food prices have had a dampening effect on overall inflation since the beginning of the year,' said Ruth Brand, Destatis' head. "By contrast, we continue to see above-average increases in service prices," she added. The prices of energy products last month in Germany fell 2.1% versus the same month of the previous year. Food prices were up 1.1% in June on a yearly basis in the country. Meanwhile, consumer prices were up 0.1% in June on a monthly basis. Source: Anadolu Agency
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