germanys annual inflation rate rebounded a little more than expected in june with underlying pressures still hot a headache for european central bank policymakers in their efforts to combat high prices consumer prices were 64 higher in june than the same month a year earlier compared with 61 in may measured by national standards preliminary data from the german statistics office showed thursday the reading was a little above expectations of 63 according to economists polled by the wall street journal core inflation which excludes volatile food and energy prices also climbed to 58 in june from 54 in may the rebound came in part on base effects owing to government subsidies offered last year on transport services inflation was 53 in june up from 45 due to the nineeuro transport ticket available from june to august 2022 destatis said food inflation was still well above historical averages in june at 137 while energy inflation was 30 the ecb raised its key interest rate by a quarter point to 375 at its last meeting earlier in june and its president christine lagarde signaled at a policy forum in portugal this week that there was more tightening to come