FRANKFURT (AFX) - The Bundesbank said inflation in Germany has probably passed its peak after data showed a moderation in June from May. Writing in its July monthly report, the Bundesbank said the main reason for the drop in the prices was a fall in energy prices and in particularly the prices of mineral oil. "Price pressure on the consumer level as measured by the year on year rate has probably passed its peak," the Bundesbank said. The Bundesbank noted inflation fell to 3.1 pct year on year in June from 3.5 pct in the previous month. Preliminary data today showed German July inflation moderated further in July to a rise of only 2.7 pct year on year and 0.1 pct month on month. Leading euro zone monetary policy makers, including Bundesbank president Ernst Welteke had expressed doubts the moderation in inflation so far this summer would mark the start of a trend.