13.09.201802:25:00UTC+00Germany's Inflation Steady At 2% As Estimated

Germany's consumer price inflation held steady, as initially estimated in August, final data from Destatis revealed Thursday.

Consumer price inflation remained stable at 2 percent in August, in line with the estimate published on August 30. The rate reached the 2 percent mark for the fourth consecutive month.

Excluding food and energy, inflation was 1.3 percent in August.

The harmonized index of consumer prices for Germany, which is calculated for European purposes, climbed 1.9 percent annually, slower than July's 2.1 percent rise. The statistical office confirmed the preliminary estimate.

On a monthly basis, the consumer price index edged up 0.1 percent in August, slower than July's 0.3 percent increase. Meanwhile, the harmonized index of consumer prices remained flat. Both CPI and HICP figures matched preliminary estimate.

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