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Germany inflation hits 4-month high as August CPI rises y/y

Germany’s consumer price inflation accelerated to a four-month high in August, matching the initial estimate. Destatis data showed CPI rose year-on-year after July, driven by higher energy prices.

Germany's consumer price inflation rose to a four-month high in August, matching the initial estimate, as higher energy prices pushed the reading up, Destatis data showed on Thursday. 8 percent gain in July. A similar…