FRANKFURT: Rising fuel prices pushed German inflation back up to the key level of 2.0 percent in August, the first time this year that inflation in Europe's top economy has risen, data showed on Wednesday.
The German consumer price index (CPI) rose by 2.0 percent on a 12-month basis this month, according to a flash estimate using cost-of-living data from six of Germany's 16 regional states.
In July, the 12-month inflation rate had stood at 1.7 percent.
On a monthly basis, the cost of living in Germany rose by 0.3 percent in August from July, the national statistics office Destatis said in a statement.
Using the Harmonised Index of Consumer Prices, the ECB's inflation yardstick, the rate of inflation in Germany also accelerated to 2.2 percent year-on-year in August from 1.9 percent the previous month.
The ECB defines price stability as increases in HICP of close to but just below 2.0 percent.
Preliminary inflation data are calculated using consumer price data for six of Germany's 16 federal states.
Final data, based on statistics for all 16 states, are scheduled to be published on September 12.
indiatimes.com
The German consumer price index (CPI) rose by 2.0 percent on a 12-month basis this month, according to a flash estimate using cost-of-living data from six of Germany's 16 regional states.
In July, the 12-month inflation rate had stood at 1.7 percent.
On a monthly basis, the cost of living in Germany rose by 0.3 percent in August from July, the national statistics office Destatis said in a statement.
Using the Harmonised Index of Consumer Prices, the ECB's inflation yardstick, the rate of inflation in Germany also accelerated to 2.2 percent year-on-year in August from 1.9 percent the previous month.
The ECB defines price stability as increases in HICP of close to but just below 2.0 percent.
Preliminary inflation data are calculated using consumer price data for six of Germany's 16 federal states.
Final data, based on statistics for all 16 states, are scheduled to be published on September 12.
indiatimes.com
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