German inflation moves closer to ECB target, revised data shows

BERLIN (Reuters) - German annual inflation accelerated to 1.5% in June, remaining below the European Central Bank's target, final data from the Federal Statistics Office showed on Thursday.The reading for German consumer prices - harmonised to make it comparable with inflation data from other European Union countries - was revised up after preliminary data released at the end of June had shown prices increased by 1.3% year-on-year.The ECB targets inflation of close to but below 2% for the euro..