German Inflation Unexpectedly Accelerates as ECB Ponders QE Exit
- Consumer prices rose annual 1.5% in June vs estimated 1.3%
- ECB edges toward unwinding stimulus as recovery proceeds
Why the Markets May Have Overreacted to Draghi's Comments
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German inflation unexpectedly accelerated in June, offering some respite to European Central Bank officials pondering an exit from unconventional stimulus.
The rate rose to 1.5 percent from 1.4 percent, the Federal Statistics Office in Wiesbaden said on Thursday. Economists had predicted a drop to 1.3 percent, according to a Bloomberg survey. Prices rose 0.2 percent from May.