German Inflation Accelerates on Higher Energy Prices
Energy inflation climbed to 10.5%, and the German government now expects inflation to reach 2.7% this year.
- On Monday, Aug 31, 2026, German consumer prices rose to 2.9% year-on-year, up from 2.8% in the previous month, preliminary data from the statistics office in BERLIN showed.
- Higher energy prices, fueled by the conflict in Iran, drove Energy inflation to 10.5% in August, while Education-related expenses also contributed at the start of the new school year.
- While the 2.9% increase proved lower than the 3.1% forecast by Analysts polled by Reuters, regional pressures remain elevated; European inflation is expected to reach 3.3% in August.
- European Central Bank policymakers are expected to raise interest rates at their next meeting on Sept 10 to contain inflation pressures, as oil and gas price increases stoke costs across the region.
- Slovenian Governing Council member Primoz Dolenc noted last week that arguments "are there" for a September move, while the European economy faces a deposit rate of 2.25% that officials view as neutral.
45 Articles
45 Articles
Almost everything in Germany is getting more expensive. That has above all a reason.
Federal Statistical Office: WIESBADEN (ots) - Consumer price index, August 2026: +2.9% year-on-year (provisional) +0.2% year-on-year (provisional) Harmonised consumer price index, August 2026: +2.9% year-on-year (provisional) +0.2% year-on-year (provisional) ...
derwesten.de
thueringen24.deHigh costs of energy and fuel continue to fuel the inflation rate in Germany and burden the budgets of consumers. Experts now warn of a persistent price shock, which could also force the European Central Bank to act.
Inflation in Germany is rising to 2.9 percent in August. Especially significantly higher costs for fuel and fuel oil drive prices. Experts warn: If energy prices remain high, other goods and services could soon become more expensive.
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