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German Inflation Slows as Confidence in Economic Rebound Wanes

From bnnbloomberg.ca

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 both ... (full story)

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