German Consumer Prices Rise Faster Than Expected in July

By Emese Bartha Features Dow Jones Newswires

German consumer prices rose faster than expected in July, possibly adding to expectations that the European Central Bank will announce a start to tapering at its next policy meeting in September.

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Consumer prices, calculated according to European Union harmonized standards, or HICP, rose by 0.4% on the month in July and 1.5% on the year, statistics office Destatis said Friday.

Economists polled by The Wall Street Journal had forecast HICP at 0.3% on the month and 1.4% on the year for July.

In June, HICP rose by 0.2% on the month and 1.5% on the year.

Germany is part of the 19-country eurozone for which the ECB sets monetary policy.

-Write to Emese Bartha at emese.bartha@wsj.com

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(END) Dow Jones Newswires

July 28, 2017 06:15 ET (10:15 GMT)