Inflation Continues to Rise in August – Energy Prices Drive Inflation Forward
21 Articles
21 Articles
Life in Germany continued to increase in August. Consumer prices last stood at 2.9 percent above the level of the previous year's month. The reason for this was the rise in oil prices and the low Rhine water.
The lives of the people in Germany are becoming more expensive. The great price driver remains the energy prices and improvement is not in sight.
High energy prices drive the German inflation rate again to just below the three percent mark. Life could continue to increase in the coming months.
Inflation in the federal state rose slightly in August: fuel oil and petrol became significantly more expensive. At the beginning of the new school year, families also had to pay more for some goods.
Life in Germany has continued to get more expensive, especially for fuelling and heating, consumers had to go deeper into their pockets, and the inflation rate could continue to rise.
High energy prices fuel inflation in Germany. For the time being, the discharge at the petrol station is over. Economists expect further increases in consumer prices.
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