German consumer inflation accelerates and rises 7.9% year-on-year in August

- Advertisement -

Germany’s annual inflation rate accelerated in August.

According to final data released by German statistics office Destatis on Tuesday (13), consumer prices (CPI) rose 7.9% in the year as measured by national standards, in line with the forecast. of research economists Wall Street Journal. In July, the CPI rose 7.5%.

- Advertisement -

Prices rose 8.8% on the year by harmonized European Union standards.

Month-on-month, consumer prices rose 0.3% by national standards and up 0.4% by EU harmonized standards, both in line with forecasts by economists polled by the The Wall Street Journal.

- Advertisement -

“The main reason for the rise in inflation is still the increase in the price of energy products and food”, says Georg Thiel, president of Destatis.

Energy-related prices rose 35.6% year-on-year in August, despite relief measures taken by the government, including fuel discounts. The increase in domestic energy prices was particularly sharp (+46.4%), points out Destatis.

Source: CNN Brasil

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles