According to preliminary data released by the German Federal Statistical Office on the 30th, due to the expiration of the government's temporary fuel tax relief measures, energy prices in Germany rose sharply again in July, driving the inflation rate to 2.8% in that month, which is significantly higher than 2.3% in June. According to the German Federal Statistical Office, energy prices in Germany rose 8.3% year on year in July, up from 6.6% in May and 3.4% in June. Analysts pointed out that another significant rise in energy prices is related to the expiration of the government's temporary fuel tax relief measures. Starting May 1, German gasoline and diesel taxes have been reduced by about 17 euro cents per liter for a period of two months. This measure suppresses the rise in fuel prices to a certain extent. The German Economic Experts Committee previously released its spring economic forecast report, indicating that due to rising energy prices, Germany's inflation rate is expected to be 3% and 2.8% for this year and next, respectively, which is significantly higher than last year's 2.2% level.

According to preliminary data released by the German Federal Statistical Office on the 30th, due to the expiration of the government's temporary fuel tax relief measures, energy prices in Germany rose sharply again in July, driving the inflation rate to 2.8% in that month, which is significantly higher than 2.3% in June. According to the German Federal Statistical Office, energy prices in Germany rose 8.3% year on year in July, up from 6.6% in May and 3.4% in June. Analysts pointed out that another significant rise in energy prices is related to the expiration of the government's temporary fuel tax relief measures. Starting May 1, German gasoline and diesel taxes have been reduced by about 17 euro cents per liter for a period of two months. This measure suppresses the rise in fuel prices to a certain extent. The German Economic Experts Committee previously released its spring economic forecast report, indicating that due to rising energy prices, Germany's inflation rate is expected to be 3% and 2.8% for this year and next, respectively, which is significantly higher than last year's 2.2% level.