German inflation stable in August

28th August 2015, Comments 0 comments

Consumer prices in Germany rose just 0.2 percent in August compared with a year earlier, official data showed Friday.

The inflation rate for the month was therefore unchanged from July, when it also reached 0.2 percent, the federal statistics office Destatis said in a statement.

Energy prices in August fell 7.6 percent from a year ago, but those for food and services showed a slight growth.

Using the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany rose by 0.1 percent year-on-year in August.

That was the same rate as last month and far below the ECB's annual inflation target of just below 2.0 percent.

© 2015 AFP

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