Germany's consumer price inflation accelerated more-than-expected in August, after easing in the previous two months, to its highest level in almost half a century as the European Central Bank policymakers prepare to deliver at least a 50 basis points hike in interest rates next week.
The consumer price index rose 7.9 percent year-on-year in August, faster than the 7.5 percent increase in July, preliminary figures from Destatis showed on Tuesday. That was slightly above the 7.8 percent rise economists had expected.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Jyotsna V
For comments and feedback: contact editorial@rttnews.com