Germany: Harmonized consumer prices fall in August
September 11, 2020
Harmonized consumer prices dropped 0.19% over the last month in August, up from July’s 0.47% fall. August’s print reflected rising prices for clothing and footwear as well as softer declines in the prices for food and non-alcoholic beverages; alcoholic beverages and tobacco; and housing, water, electricity, gas and other fuels.
Meanwhile, harmonized consumer prices dropped 0.1% in August compared to the same month a year prior, down from zero inflation in July. Lastly, the trend pointed down with annual average inflation ticking down to 0.9% in August from 1.0% in July.