Janine Kraft, store manager of the Tante Enso store in Wörlitz, Germany, sorts goods onto the shelves.
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Germany’s annual inflation rate unexpectedly eased to 2% in June, bringing Europe’s largest economy in line with the European Central Bank’s target, preliminary data from statistics office Destatis showed Monday.
Analysts polled by Reuters had expected a reading of 2.2% in the twelve months to June.
The German print is harmonized across the euro zone, allowing for a direct comparison with other single currency states.
The consumer price index had eased to 2.1% in the year to May.
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