The Consumer Price Index (CPI) of Germany will be at 2.9% year-on-year in August, one-tenth above the 2.8% recorded in July, mainly driven by the increase in energy prices, according to data released by the Federal Statistical Office of Germany (Destatis).
Compared to the previous month, inflation rose by 0.2% in August, according to the first estimate from the country's statistical office.
Core inflation, which excludes food and energy, remained stable at 2.4%, while energy prices surged by 10.5% compared to the same month in 2025, following an increase of 8.3% in July and 3.4% in June.
The sharp rise in energy explains the increase in overall inflation, in a context still conditioned by the conflict in Iran and with Brent crude rising by 2.5% and surpassing the threshold of 90 dollars.
At the same time, Germany's gross domestic product (GDP) grew by 0.3% in the second quarter of 2026 compared to the previous quarter, one-tenth more than initially estimated by Destatis.