The Magazine for Asian Investors
As reported by the Federal Statistical Office (Destatis), inflation in Germany accelerated again in August after slowing as expected in June and July. This is a signal that price pressure is continuing in view of the ongoing energy supply crisis.
The information states that the consumer price index (CPI) in August increased by 7.9% year-on-year and compared to an increase of 7.5% in July.
Destatis stated in the report, “The main cause of inflation is still inevitable, with rising prices for energy and food products.”