German EU-harmonised consumer prices up 8.8% y/y in August By Reuters
Economy 8 minutes ago (Aug 30, 2022 13:22)
© Reuters. FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12, December, 2020. REUTERS/Wolfgang Rattay
(Reuters) – German consumer prices, harmonised to compare with other European countries, were up 8.8% on the year and rose by 0.4% month-on-month in August preliminary data from the Federal Statistics Office showed on Tuesday.
Analysts had also expected harmonised data to increase 8.8% on an annual basis and rise 0.4% on the previous month.
The statistics office gave the following breakdown of non-harmonised year-on-year data for August:
(basis 2015) Aug Jul Weighting
Overall index +7.9
Household rents +1.8
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