Germany’s annual consumer price inflation quickened to 2.2% in July 2025, up from 2% in June and above market expectations of 2.1%, a preliminary estimate showed. It was the highest rate since March, after two months at the ECB’s 2% target. Goods inflation rose to 1.3% from 1%, led by higher food prices (2.5% vs 2.2%) and a smaller drop in energy (-2.4% vs -3.4%). Services inflation held at 3.1%, while core inflation stayed at 2.7%. On a monthly basis, prices edged up 0.1%.