Germany's consumer price inflation rises in July, as initially estimated, on higher food and services cost, final data from Destatis revealed on Friday. The consumer price index saw an annual increase of 2.3 percent in July compared to 2.2 percent increase in June. The rate matched the preliminary estimate released on July 30. Decreases in energy prices, in particular, are dampening inflation. On a monthly basis, consumer prices were up 0.3 percent, in line with the flash estimate, after a 0.1 percent gain.

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