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German Inflation Slows as Confidence in Economic Rebound Wanes
German inflation slowed after two months of accelerating as the country’s economic recovery showed signs of stalling. Consumer prices rose 2.5% from a year earlier in June — down from 2.8% in May and in line with a Bloomberg survey of analysts. Energy costs continued to decline, while goods eased and services, under particular scrutiny now, were unchanged at 3.9%. Separate reports Friday showed inflation also moderated last month in France and Spain. While picking up a touch in Italy, it remained below 1%. A gauge for the 20-nation euro zone will come on Tuesday, with analysts and a Bloomberg Economic Nowcast ... (full story)