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Home Headlines German EU-harmonised consumer prices up 8.8% y/y in August
2022 08 30T121534Z 1 LYNXMPEI7T0HC RTROPTP 4 GERMANY ECONOMY INFLATION

German EU-harmonised consumer prices up 8.8% y/y in August

by Wanda Rich
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(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:

INDEX/COMPONENT

(basis 2015)                             Aug               Jul           Weighting

2022           2022            in 1/1000

Overall index                           +7.9             +7.5                    1000

Goods                                      +14.7            +14.1                 468.16

Energy                                    +35.6            +35.7                 103.83

Food                                        +16.6            +14.8                   84.87

Services                                    +2.2              +2.0                  531.84

Household rents                     +1.8               +1.8                 207.26

(Reporting by Berlin Speed Desk; Editing by Madeline Chambers)

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Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.