german inflation eased in july confirming initial estimates despite an uptick in energy prices after recent months decline the consumer price index measuring the difference in the prices consumers pay for goods and services rose 62 in july compared with the same month last year falling from 64 in june according to data from the german federal statistics office destatis released tuesday this was in line with the expectations of economists polled by the wall street journal and with preliminary figures published by destatis at the end of july the fall comes after a slight rebound in inflation in the previous month and offers some encouragement to policymakers at the european central bank that a cycle of interestrate increases is beginning to slow demand and ease price rises energy prices continued to climb compared with the previous month and were 57 higher than july 2022 largely the result of the abolition of an electricitybill surcharge a year ago destatis said food inflation continued to ease but remained high at 110 in july and affected almost all food groups destatis said the core inflation rate which excludes energy and food inflation eased to 55