German inflation slows to 0.3% in June: data

Inflation in Germany, Europe's biggest economy, slowed noticeably in June with consumer prices rising by just 0.3 percent year-on-year, preliminary data showed on Monday. Using the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany rose by just 0.1 percent year-on-year in June, down from 0.7 percent in May and a long way below the ECB's annual inflation target of just below two percent. The June data are still only prel