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Consumer price inflation in Germany steady in August

Staff Writer |
Germany's consumer price inflation held steady in August as initially estimated, final figures from Destatis showed.

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The consumer price index rose at a stable pace of 0.4 percent year-over-year in August, confirming the flash data published earlier.

The 0.4 percent inflation was the highest since January, when it was 0.5 percent. In June, annual inflation was 0.3 percent.

Prices of food and non-alcoholic beverages grew 0.8 percent annually in August, while energy prices dipped by 5.9 percent.

On a monthly basis, consumer prices showed no variations in August as estimated initially, following a 0.3 percent rise in July.

The EU measure of inflation, or HICP, climbed 0.3 percent yearly in August, while it edged down 0.1 percent from the preceding month.

The statistical office confirmed the preliminary estimate published on August 30.

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