Germany: Inflation stabilizes in August
August 28, 2014
In August, consumer prices recorded a flat reading over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 28 August. The reading, which met market expectations, came in below the 0.3% rise registered in July.
Annual headline inflation remained stable in August at July’s 0.9%. Annual average inflation was also unchanged at July’s 1.2%, which marked a 44-month low.
Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) mirrored July’s result and came in at 0.8% in August. Annual average HICP inflation remained at the previous month’s 1.1% in August.