Germany August preliminary CPI +3.9% vs +3.9% y/y expected
Germany August preliminary CPI +3.9% vs +3.9% y/y expected
Latest data released by Destatis - 30 August 2021
- Prior +3.8%
- HICP +3.4% vs +3.4% y/y expected
- Prior +3.1%
The headline reading is the highest since 1993. This reaffirms stronger annual price pressures towards the end of the summer period, bolstered mostly by base effects as there was the VAT reduction in 2H 2020 starting from July last year.
August 31, 2021 at 12:07AM
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