Inflation in Germany rose in July to 1.7 percent on an annual basis, from 1.6 percent a month earlier. The German Federal Statistical Office reported this on the basis of provisional figures. Economists generally expected an inflation rate of 1.5 percent. On a monthly basis, German consumer prices went up by 0.5 percent, after a 0.3 percent increase in June. On the basis of the European harmonized measurement method, German inflation amounted to 1.1 percent, compared to 1.5 percent a month earlier. Economists generally expected at a level of 1.2 percent.
