Germany's inflation rate expected at 6.1% in Aug 2023

Consumer prices are expected to increase by 0.3 per cent on July 2023. The inflation rate excluding food and energy, often referred to as core inflation, is expected to be 5.5 per cent; it was 5.5 per cent in July 2023, Destatis said in a press release.

At 8.3 per cent, the year-on-year (YoY) increase in energy prices in August 2023 was higher than the change rate of the overall index. One of the causes is a base effect as a consequence of the low index level of August 2022, which was influenced by the measures of the federal government’s third relief packages.

ALCHEMPro News Desk (NB)