Consumer prices in Germany increased by 1.7 percent year on year in July, the German statistics office confirmed Tuesday.
The inflation rate of 1.7 percent was higher than in the two previous months, when the rate had been at 1.6 and 1.4 percent respectively.
The statistics office said that food and energy prices had seen the most prominent increase.
The inflation rate is an important indicator for the European Central Bank's (ECB) monetary policies. The ECB has forecast a yearly inflation rate of just below 2 percent for the eurozone.
In the eurozone, price increases slowed down significantly in July. According to the European statistics office Eurostat, consumer prices only went up by 1.1 percent compared to the previous year.
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