German August CPI Final Confirms 2.9 Percent Inflation

German August CPI final figures confirmed 2.9 percent inflation, driven primarily by surging energy costs linked to the conflict in Iran. While headline rates remain elevated, underlying core inflation stayed steady at 2.4 percent.
GN markets/inflation (en-US) adds that the inflation spike is largely attributed to the war in Iran, which drove motor fuel prices up by nearly 28% and heating oil costs by almost half. The report also notes that core inflation, excluding food and energy, remained stable at 2.4%.
Source: GN markets/inflation (en-US)Energy costs drove the increase in German prices. Underlying inflation remained stable.
Source: GN markets/inflation (en-US)






