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Germany's inflation rate 6.1% in Aug 2023; core inflation at 5.5%

“The inflation rate therefore remains at a high level”, said Destatis president Ruth Brand.

“The increases in energy and food prices exceed overall inflation and keep the inflation rate high. The base effect stemming from last year’s *-euro ticket was also apparent in August, when it drove inflation up and reduced the dampening effect of the Germany ticket on prices. This base effect will cease to apply from the next month onwards”, she added.