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%.
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German August inflation confirmed at 2.9%
Germany’s consumer prices accelerated to 2.9% year on year in August, the federal statistics office said, confirming preliminary data. July’s harmonised rate was 2.8%.