Germany's Consumer Price Index (CPI) will stand at 2.3% year-on-year in June, a moderation of three tenths compared to May and the lowest rate of price increases in the country since February, before the conflict in the Middle East, according to the preliminary estimate released by the Federal Statistical Office (Destatis).
In parallel, the harmonized inflation index, a benchmark for Eurostat in its statistics, would also decrease by three tenths compared to the previous month, to 2.4%.
The behavior of prices in June is marked by a lower impact of oil and gas, with an increase in energy costs of 3.4%, clearly below the 6.6% rise recorded in May.
As for the shopping basket, the year-on-year increase in food prices in the sixth month of 2026 would remain at 0.4%, the same advance observed in May.
Regarding services, costs would increase again by 3.1% year-on-year, while the price of goods would have softened its rise in June to 1.7%, compared to 2.2% in the previous month.
Thus, excluding the most volatile components, such as food and energy, Germany's core inflation would stand at 2.5% year-on-year in June, exactly repeating May's variation.
Destatis plans to release the definitive inflation data for June on July 10.