Motor fuel pushes German inflation to 2.9 per cent in August
German consumer prices rose 2.9 per cent from a year earlier and 0.2 per cent on the month in August, confirming the preliminary readings. Annual energy inflation accelerated to 10.5 per cent and motor fuel prices climbed 27.7 per cent, while core inflation excluding food and energy stood at 2.4 per cent. The figures show a pronounced split between the headline rate and the underlying measure.
Economics & Markets··Evening
Annual inflation rises to 2.9 per cent
Germany's Federal Statistical Office, Destatis, said consumer prices rose 2.9 per cent from a year earlier and 0.2 per cent from July in August. The annual rate therefore moved above 2.8 per cent in July and 2.3 per cent in June. Destatis's final results left the preliminary readings published in late August unchanged. Reuters reporting on MarketScreener also confirmed the annual rate of 2.9 per cent.[1], [2]
Motor fuel prices climb 27.7 per cent
Energy products cost 10.5 per cent more than in August 2025, after annual increases of 8.3 per cent in July and 3.4 per cent in June. Motor fuel prices rose 27.7 per cent and heating oil 49.6 per cent. Electricity fell 5.5 per cent, natural gas including operating costs declined 2.9 per cent and district heating slipped 1.0 per cent. Destatis identified energy as the main driver of the acceleration in headline inflation.[1]
Core inflation remains at 2.4 per cent
Annual inflation excluding food and energy stood at 2.4 per cent. Services prices rose 2.8 per cent, while food inflation was limited to 0.1 per cent. The harmonised consumer price index used for comparisons across European Union countries also increased 2.9 per cent year on year and 0.2 per cent on the month in August. Reuters confirmed the acceleration by noting that the harmonised annual rate had been 2.8 per cent in July.[1], [2]