BERLIN (AP) — Inflation in Germany eased slightly in June compared to the previous month, in part due to new subsidies that helped rein in the price of gasoline and public transport.
Official figures released Wednesday show inflation hit 7.6% this month, down from 7.9% in May, which was the highest since the early 1970s.
Germany temporarily lowered taxes on diesel fuel and gasoline at the start of the month and introduced an ultra-cheap ticket that allows people to use all local and regional public transportation for 9 euros (less than $10) a month. The measures are due to last for three months.
Like elsewhere across the world, inflation in Germany has been stoked by the war in Ukraine, which has led to a rise in energy costs and food prices.
Before you consider RLI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RLI wasn't on the list.
While RLI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
