Germany: Annual HICP Declines to 2.1% in June

Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.4% (preliminary) on a monthly basis in June from 0.5% in May, the data published by Destatist showed on Tuesday. On a yearly basis, the CPI declined to 2.3% from 2.5%. Both of these readings came in line with the market expectation.