Destatis released its final consumer price data for Germany on Tuesday. German final consumer price index declined 0.1% in June, in line with the preliminary estimate, after a 0.1% rise in May.

On a yearly basis, German final consumer price index decreased to 0.3% in June from 0.3% in May, in line with the preliminary estimate. It was the highest level since October 2014.

The decline was driven by falling energy prices which dropped 5.9% year-on-year in June.

Food prices climbed 1.0% year-on-year in June, while recreation and culture prices fell 0.6%.