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

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

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

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%.

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.

“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

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