11 July 2001, 12:02 German annual inflation declines in June on fuel prices
--German final Jun CPI confirmed at +0.2% vs May; +3.1% on yr
--German Stats: Fall in annual Jun inflation mainly on fuels
--German final Jun CPI excl heating oil, fuels up 2.9% on year
--German harmonized Jun CPI up 0.2% on month, up 3.1% on year
Frankfurt, July 11 (BridgeNews) - German consumer prices were
confirmed at up 0.2% in June from May, and up 3.1% on the year, according
to final data released Wednesday by the Federal Statistics Office. The
main reason for decline in annual inflation rate from the 3.5% high seen
in May was the fall in fuel prices, it said. Excluding fuels and heating
oil, consumer prices were up 2.9% on the year, unchanged from May.
Fuel prices fell 3.1% from May, while the annual inflation rate for
fuels decelerated to 3.1% in June from 15.4% in the previous month.
Deceleration in annual price rises was also recorded for household energy
and gas, which respectively were up 26.9% (from 28.1% in May) and 24.1%
(from 25.8% in May) than a year ago.
Rises in prices for light heating oil and foods, on the other hand,
increased to 9.6% on the year from 6.4% in May and to 6.9% from 6.7% in
May respectively.
Declines in annual consumer prices were recorded for coffee (-4.3%),
photo-laboratories services (-4.5%), household insurance (-3.1%),
technical devices and color televisions (-1.6%) and video cassette
recorders (-4.6%).
Altogether, in western Germany consumer prices rose 0.2% from May and
3.0% from June 2000, while in eastern Germany prices were 0.1% higher on
the month and 3.4% higher than a year ago.
The higher annual increase in consumer prices in eastern Germany was
mainly due to households there being stronger affected by rises in prices
for food and household energy, the statistics office said.
Germany's final harmonized consumer price index, which allows
comparisons with other EU and euro-zone countries, was revised to up 0.2%
from provisional 0.3% rise on the month and confirmed at up 3.1% from June
2000.
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