- Analytics
- News and Tools
- Market News
- Germany’s annual inflation decelerates in August
Germany’s annual inflation decelerates in August
Germany's
Federal Statistical Office reported on Thursday the country’s consumer price
index (CPI) is expected to decrease 0.2 percent m-o-m in August, following a
0.5 percent m-o-m advance in the previous month. That marked the first monthly
drop since January.
On the y-o-y
basis, Germany’s inflation rate is seen to rise 1.4 percent this month after a
1.7 percent gain in July.
Economists had
predicted inflation would drop 0.1 percent m-o-m but increase 1.5 percent y-o-y
in August.
According to
the report, food price growth accelerated to 2.7 percent y-o-y in August from 2.1
percent y-o-y in July, while energy inflation slowed to 0.6 percent y-o-y from
2.4 percent y-o-y. Services costs rose 1.6 percent y-o-y, following a 1.5
percent y-o-y climb in the previous month.
Meanwhile, the harmonized
index of consumer prices for Germany (HICP), which is calculated for European
purposes, is expected to fall 0.1 percent m-o-m and to increase 1.0 percent y-o-y.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
