Brandenburg Gate in Berlin, Germany

Germany Inflation August 2020

Germany: Harmonized consumer prices fall in August

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.

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