German Inflation Accelerates on Higher Energy Prices
Energy inflation climbed to 10.5%, and the German government now expects inflation to reach 2.7% this year.
- On Monday, Aug 31, 2026, German consumer prices rose to 2.9% year-on-year, up from 2.8% in the previous month, preliminary data from the statistics office in BERLIN showed.
- Higher energy prices, fueled by the conflict in Iran, drove Energy inflation to 10.5% in August, while Education-related expenses also contributed at the start of the new school year.
- While the 2.9% increase proved lower than the 3.1% forecast by Analysts polled by Reuters, regional pressures remain elevated; European inflation is expected to reach 3.3% in August.
- European Central Bank policymakers are expected to raise interest rates at their next meeting on Sept 10 to contain inflation pressures, as oil and gas price increases stoke costs across the region.
- Slovenian Governing Council member Primoz Dolenc noted last week that arguments "are there" for a September move, while the European economy faces a deposit rate of 2.25% that officials view as neutral.
56 Articles
56 Articles
German inflation rises to 2.9% in August, coming in below expectations
Inflation in Germany rose 2.9% in the year to August on the harmonised measure tracked by the European Central Bank, a fresh acceleration from July but well short of the 3.1% economists had expected, in a reading that offers modest relief to policymakers meeting in Frankfurt next week.
German inflation accelerates in August, even if a little less than expected, while in the Eurozone and Italy a new price flame is expected. In Germany the annual rate rose to 2.9% from 2.8% in July, according to the preliminary estimate released today by the Federal Statistical Office Destatis, but the figure remained below [...] The article German inflation accelerates in August. Tuesday the Italian figure: for analysts will rise to the maximum…
Almost everything in Germany is getting more expensive. That has above all a reason.
osthessen-news.de
High energy prices have once again driven inflation in Germany to just below the three-percent mark. As in April, the inflation rate reached 2.9 percent, as calculated by the Federal Statistical Office on the basis of preliminary figures. Consumer prices in Europe's largest economy rose more strongly last in December 2023 with 3.7 percent at that time."The slightly higher inflation in August, at 2.9 percent, is due, as in the previous months, to…
Federal Statistical Office: WIESBADEN (ots) - Consumer price index, August 2026: +2.9% year-on-year (provisional) +0.2% year-on-year (provisional) Harmonised consumer price index, August 2026: +2.9% year-on-year (provisional) +0.2% year-on-year (provisional) ...
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