Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
The consumer price index rose 2.2 percent year-on-year following a 2.0 percent rise in each of the previous two months, preliminary estimates from the statistical office Destatis showed on Friday. Economists had forecast 2.1 percent inflation. Headline inflation was the strongest since March, when it was at the same level.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.