Germany: July Harmonised Index of Consumer Prices (YoY) grows 1.9%; (MoM) up 0.4%

According to data released today by Destatis, German annual inflation rose 1.9% in July, following 1.8% growth registered the previous month. This result is in line with analysts' forecasts. On a monthly basis German CPI climbed 0.5% in July, after increasing 0.1% in June, as expected.