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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).
   

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