Economic news

Germany's inflation creeps towards ECB target

On Thursday the latest figures from the Federal Statistics Office showed that German year inflation gained 1.5 percent in June, lower the European Central Bank's goal.

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German buyer costs figures - stabilized to match other EU countries inflation - was updated after anticipatory figures published toward the end of June had indicated costs grew by 1.3 percent year-on-year.

The ECB targets inflation anticipate approximative 2 percent level for the whole eurozone.

On the month, EU-stabilized costs gained 0.3 percent - escalating from 0.1 percent.

On Thursday the INSEE official statistics agency reported that French inflation emerged a month ago from almost two years minimum.

INSEE announced a month ago customer costs rose 0.3 percent, adding 1.4 percent to a year rate, after 1.1 percent in May.


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