German Inflation Index Rises 1.9 Percent In July, More Than Anticipated, On Sharply Higher Food Prices; Analysts Expected 1.8 Percent Gain

Preliminary inflation measures show that consumer prices in Germany rose more than analysts expected in July 2013, with a 1.9 percent uptick from last year, said Germany’s Federal Statistical Office on Tuesday.

Analysts expected the German index to rise by 1.8 percent, reports RTT News.

The index, tailored for prices inside Germany, also rose by 0.5 percent compared to June 2013. The rise was led by food price gains of 5.7 percent, sharply higher than other inflation measures.

The harmonized consumer price index for Germany, a better measure for comparing inflation rates with other European countries, rose by 1.9 percent from the year before, and 0.4 percent from a month earlier.

Final inflation data for July 2013 arrives on Aug. 13.