German Inflation Unexpectedly Steady as ECB Nears Exit Debate
- Consumer prices rose annual 1.5% in July vs estimated 1.4%
- ECB set to start discussion on QE tapering in autumn
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German inflation unexpectedly remained stable in July, strengthening the case for a discussion about reducing European Central Bank stimulus in the autumn.
The rate was unchanged at 1.5 percent, the Federal Statistics Office in Wiesbaden said on Friday. Economists had predicted a drop to 1.4 percent, according to a Bloomberg survey. Consumer prices rose 0.4 percent from June.