31.08.2026, 17:31
The leading economy of the European Union has not escaped the acceleration of inflation
Source: OREANDA-NEWS
OREANDA-NEWS German inflation accelerated to 2.9 percent in August after rising 2.8 percent in July. This was reported by Bloomberg.
It is noted that the achieved figure was the highest since April and below the median forecast of 3.1 percent. The agency cited the situation in the energy sector as the main source of the price increase, as peace in the Middle East has not come.
Inflation in the eurozone is expected to have accelerated to 3.3 percent in August.
At the end of July, inflation in Germany rose to the highest level in the last three months. According to the Federal Statistical Office of Germany, consumer prices increased by 2.8 percent year-on-year. In June, it was 2.4 percent.
According to the forecasts of the Bundesbank, the eurozone risks facing a situation where inflation will remain above the European Central Bank's target level of two percent even after the end of the US-Iranian war.
It is noted that the achieved figure was the highest since April and below the median forecast of 3.1 percent. The agency cited the situation in the energy sector as the main source of the price increase, as peace in the Middle East has not come.
Inflation in the eurozone is expected to have accelerated to 3.3 percent in August.
At the end of July, inflation in Germany rose to the highest level in the last three months. According to the Federal Statistical Office of Germany, consumer prices increased by 2.8 percent year-on-year. In June, it was 2.4 percent.
According to the forecasts of the Bundesbank, the eurozone risks facing a situation where inflation will remain above the European Central Bank's target level of two percent even after the end of the US-Iranian war.
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