# German EU-harmonised consumer prices up 8.8% y/y in August
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2022-08-30
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: German Consumer Prices Surge 8.8% Year-on-Year in August
Meta Description: Get the latest on German consumer prices, with harmonized data showing an 8.8% annual increase and 0.4% rise month-on-month. Expert analysis included.
URL: https://startupobserver.com/german-eu-harmonised-consumer-prices-up-8-8-y-y-in-august/

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(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

(Reporting by Berlin Speed Desk; Editing by Madeline Chambers)


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