Business Hub – Cairo:
The Federal Statistics Office in the German city of Wiesbaden announced today, based on a preliminary estimate, that the inflation rate in Germany reached 7.5 percent during the current July, compared to the same month last year.
Thus, the pace of inflation in Germany weakens for the second month in a row thanks to the discount applied to the fuel tax and the reduced 9-euro transport ticket.
The inflation rate reached 7.6 percent in June and 7.9 percent in May. According to “German”.
The jumps in energy prices after the crisis in Ukraine and the rise in food prices are at the forefront of factors fueling inflation in Europe’s largest economy.
Energy prices rose this month on an annual basis by 35.7 percent, Food prices increased by 14.8 percent.