Germany: Inflation stabilizes in August
August 30, 2016
Consumer prices in August were flat on a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 August. The result came in below July’s 0.3% increase.
Inflation remained at July’s 0.4% and annual average inflation was also stable in August, resting at July’s 0.2%.
Harmonized consumer prices in August fell 0.1% over the previous month, which contrasted July’s 0.4% increase. HICP inflation inched up from 0.3% in July to 0.4% in August. Meanwhile, average HICP inflation remained stable in August at July’s 0.1% reading.