Berlin, September 10 (QNA) - Consumer prices in Germany rose in August to 2.9 percent higher than in the same month a year earlier, the country's Federal Statistical Office confirmed on Thursday.
The last time Europe's largest economy saw a stronger increase was in December 2023, when inflation stood at 3.7 percent.
Economists also expect inflation rates to remain elevated in the coming months, while the Ifo Institute forecasts inflation of 2.8 percent in Germany for 2026 as a whole, and the rate could rise to 3 percent in 2027.
"The rise in energy prices, caused primarily by the war in Iran, was particularly noticeable in the case of motor fuel prices," said president of the Federal Statistical Office Ruth Brand, referring to the 27.7 percent increase of fuel prices in August compared with the same month a year earlier, and the heating oil that is almost 50 percent more expensive.
From July to August this year, consumer prices in Germany rose by 0.2 percent. Core inflation excluding food and energy remained at 2.4 percent in August. (QNA)