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9/12/2019, 8:00 AM (Source: TeleTrader)
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German inflation down to 1.4% in August

Consumer prices in Germany increased by 1.4% in August compared to the same month last year, according to a final Federal Statistical Office (Destatis) report published on Thursday. The figure confirmed previous provisional results and marked a decrease from July's annual inflation rate of 1.7%.

On a monthly basis, the consumer price index (CPI) declined by 0.2% from July. The harmonized index of consumer prices for Germany in August climbed 1% on an annual basis but dropped by 0.1% month-on-month.

Breaking the News / DZ