German inflation inches higher in August

Annual German inflation stood at 1

Annual German inflation stood at 1.9 per cent in August, according to a European Union harmonised measure (HICP), the Federal Statistics Office said today.

Economists said the revision to the German data would likely prompt Eurostat, the European Union's statistics office, to bump up its preliminary estimate of euro zone inflation in August to 2.2 per cent from 2.1 per cent.

Eurostat is due to present a final estimate of August inflation for the 12-nation bloc on September 16th.

German HICP consumer prices rose by 0.2 per cent compared with the previous month in August, more than the 0.1 per cent gain originally reported on August 25th, the office said. That led to an upward revision of the annual rate from 1.8 per cent.

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According to Germany's national gauge (CPI), prices advanced 1.9 per cent on the year, after a 2.0 per cent rise in July, and by 0.1 per cent on the month, the office added, confirming preliminary figures.

Excluding heating oil and fuels, the CPI advanced by 1.3 per cent in August from the previous year, the same rate as July, the office said.