German inflation misses estimates

German inflation rose by more/less than expected in August, according to data from the Statistiches Bundesamt Deutschland.

The consumer price index (CPI) rose by 1.5 per cent in the year to August, following a 1.9 per cent annual increase the month before. Analysts had expected to see a rise of 1.7 per cent.

On a monthly basis, CPI came in at 0.0 per cent. Analysts had expected to see a rise of 0.1 per cent following a 0.5 per cent increase the month before.

Harmonised across EU member states, annual inflation was 1.6 per cent, and monthly inflation was 0.0 per cent.