18 Articles
18 Articles
Inflation in Germany accelerated for the third consecutive month in August, reaching 2.9 percent on an annual basis, according to final data released today by the Federal Statistical Office Destatis, which confirmed preliminary estimates published at the end of last month, BTA reported. German annual inflation in July rose to 2.8 percent after rising to 2.3 percent in the previous month, according to the national methodology of Destatis. The lar…
German Inflation Confirmed At 4-month High
Germany's consumer price inflation accelerated to a four-month high in August, in line with the initial estimate. Consumer prices rose 2.9 percent year-on-year in August after a 2.8 percent gain in July. The rise in energy prices, caused primarily by the war in Iran, was particularly noticeable in the case of motor fuel prices.
Germany's annual inflation rate accelerated to 2.9% in August 2026, confirming preliminary estimates and rising in relation to the 2.8% recorded in July. This was the highest reading since April, driven by a strong high in energy inflation, which rose from 8.3% to 10.5%, as renewed tensions in the Middle East raised oil prices. This was the largest increase in energy prices in more than three years, with fuel for vehicles firing 27.7% (before 23…
High energy prices have just driven inflation in Germany to the 3% mark. Economists also expect no relaxation in the coming months.
Consumer prices in Germany, harmonized with EU standards, increased by 2.9 per cent annually in August, according to the final data of the Federal Statistical Office (Destatis).
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