Holger Zschaepitz(@Schuldensuehner):Germany’s inflation surprises to the downside: Headline CPI slows to 2.3% YoY in June, down from 2.6% and below expectations. But core inflation stayed sticky at 2.5% – a reminder that the disinflation story is not fully done yet. Energy relief helps, underlying pressure remains.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

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Holger Zschaepitz@Schuldensuehner

2026.06.30 12:27

Germany’s inflation surprises to the downside: Headline CPI slows to 2.3% YoY in June, down from 2.6% and below expectations. But core inflation stayed sticky at 2.5% – a reminder that the disinflation story is not fully done yet. Energy relief helps, underlying pressure remains.