BERLIN (Reuters) – German annual inflation accelerated to 1.5% in June, remaining below the European Central Bank’s target, final data from the Federal Statistics Office showed on Thursday.
The reading for German consumer prices – harmonised to make it comparable with inflation data from other European Union countries – was revised up after preliminary data released at the end of June had shown prices increased by 1.3% year-on-year.
The ECB targets inflation of close to but below 2% for the euro zone as a whole.
On the month, EU-harmonised prices rose by 0.3% – revised up from 0.1%.
(Reporting by Michelle Martin; Editing by Tassilo Hummel)