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.
Interesting...German August labor market underperforms and CPI undershoots estimate- is economic momentum already slowing in Euro-zone core?— Christopher Vecchio (@CVecchioFX) August 29, 2013