German inflation down from 2.3% to 1.9% in August - Breaking The News

German inflation down from 2.3% to 1.9% in August

29 August

1 min read

EPA-EFE/SASCHA STEINBACH

Annual inflation in Germany clocked in at 1.9% in August, the preliminary report published by the Federal Statistical Office (Destatis) showed on Thursday. The inflation rate contracted more than analysts expected.

Month-over-month, the Consumer Price Index (CPI) fell 0.1% compared to the July figure. The Harmonized Index of Consumer Prices went up by 2% compared to the same timeframe a year prior but fell 0.2% on a monthly basis.

The data showed that energy prices in August 2024 were 5.1% lower than in the same month a year earlier, while food prices increased 1.5% year-over-year.

data cpi

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