Plus   Neg

Germany's Inflation At 4-Month High

Germany's inflation accelerated to a four-month high in August on energy prices, final data from Destatis showed Wednesday.

Consumer price inflation rose to 1.8 percent in August from 1.7 percent in July. The rate came in line with the preliminary estimate released on August 30. This was the highest since April, when the rate was 2 percent.

Excluding food and energy, inflation was 1.6 percent. Food price growth increased to 3 percent from 2.7 percent. Likewise, energy prices advanced 2.3 percent after rising 0.9 percent a month ago.

Month-on-month, consumer prices edged up 0.1 percent, in line with estimate, but slower than the 0.4 percent increase seen in July. Nonetheless, prices have increased for the third straight month.

At the same time, inflation, based on the harmonized index of consumer prices, rose to 1.8 percent in August from 1.5 percent in July. The HICP climbed 0.2 percent on month in August. Both monthly and annual figures matched flash estimate.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT