Germany: Inflation edges up in August
August 30, 2017
Consumer prices in Germany increased 0.1% in August from the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 August. The result came in below July’s 0.4% month-on-month increase.
Inflation rose from 1.7% in July to 1.8% in August, matching market expectations. Meanwhile, annual average inflation edged up from 1.4% in July to 1.5% in August, the highest mark since November 2013.
Harmonized inflation rose to 1.8% in August, up from 1.5% the previous month. As a result, average HICP rose to 1.5% from 1.3% in July.
Author: Christopher Mc Innes, Economist