German EU-harmonised consumer prices up 8.8% y/y in August
Reuters
Published Aug 30, 2022 13:15
(Reuters) - German consumer prices, harmonised to compare with other European countries, were up 8.8% on the year and rose by 0.4% month-on-month in August preliminary data from the Federal Statistics Office showed on Tuesday.
Analysts had also expected harmonised data to increase 8.8% on an annual basis and rise 0.4% on the previous month.
The statistics office gave the following breakdown of non-harmonised year-on-year data for August:
INDEX/COMPONENT
(basis 2015) Aug Jul Weighting
2022 2022
in 1/1000
Overall index +7.9
+7.5 1000
Goods +14.7
+14.1 468.16
Energy +35.6
+35.7 103.83
Food +16.6
+14.8 84.87
Services +2.2
+2.0 531.84
Household rents +1.8
+1.8 207.26
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Written By: Reuters
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