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German inter-annual inflation reaches 1.8% in August

Germany's Federal Statistical Office (Destatis) confirmed today that inflation rebounded in August to 1.8% year-on-year, chaining its third monthly rise consecutive and marking its maximum since April.

The Federal Statistical Office (Destatis) of Germany confirmed today that inflation rose in August to 1.8% in year-on-year terms, chaining its third consecutive monthly increase and marking its maximum since April.

Destatis thus validated the provisional data released at the end of last month and highlighted the role of rise in fuel prices by 2.3% year-on-year.

Light fuel oil for heating rose 10.4% from August last year, fuel for vehicles was increased by about 4% and electricity cost 2% more. food prices also increased above the average price increase, 3% according to Destatis' records, highlighting the 60% increase in butter in the last twelve months.

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