German August inflation confirmed at 2.9%
Headline CPI rose 0.2% month-on-month. Energy inflation jumped 10.5%, the biggest rise in three years, on elevated wholesale gas and power prices. Core inflation excluding food and energy edged up to 2.4%.
5%, the biggest increase in three years, on elevated wholesale gas and power prices. Food prices were broadly flat after months of easing. 4%, underscoring that underlying price pressures remain sticky.