BERLIN, July 11 Reuters German inflation rose in June, interrupting a steady decline since the start of the year.
German consumer prices, harmonised to compare with other European Union countries, increased by 6.8 on the year in June, the federal statistics office said on Tuesday, confirming preliminary data.
The yearonyear rebound in German inflation midway through the second quarter is almost exclusively due to base effects from last year39;s fuel discount and a temporarily reduced rail fare.
In June 2022, in a bid to counter rising energy prices, the German government cut taxes on fuel and introduced a public transport ticket allowing travel across the country for 9 euros a month, causing inflation to dip.
Germany39;s core inflation rate, which excludes volatile items such as food and energy, stood at 5.8 in June, up from 5.4 in May.
The statistics office offers a breakdown of the data for June on its website.
Reporting by Rachel More and Maria Martinez, Editing by Friederike Heine
Source Reuters