Germany: inflation rate at +6.1% in August 2023
Increases in energy and food prices exceed overall inflation
08 September, 14:20
(ANSA) - BELGRADE, SEP 8 - In August 2023, the German
inflation rate, as measured by the year-over-year change in the
consumer price index (CPI), was 6.1%, according to the German
statistical office Destatis. The inflation rate in July 2023 was
+6.2%. "The inflation rate therefore remains at a high level",
says Ruth Brand, President of the Federal Statistical Office.
"The increases in energy and food prices exceed overall
inflation and keep the inflation rate high. The base effect
stemming from last year's 9-euro ticket was also apparent in
August, when it drove inflation up and reduced the dampening
effect of the Germany ticket on prices. This base effect will
cease to apply from the next month onwards," Brand added.
(ANSA).