German Inflation Inches Up in August
By Don Nico Forbes
Inflation rose in Germany this month, though less than expected, as a prolonged conflict in the Middle East kept upward pressure on prices.
German consumer prices were 2.9% higher than a year earlier, compared with an annual inflation rate of 2.8% in July, according to European Union-harmonized data from the country's statistics agency Destatis on Monday. This was lower than a consensus of economists polled by The Wall Street Journal, which expected a reading of 3.2%.
The increase comes as war in the Middle East continues to keep energy costs elevated. Oil and gas prices fell after a tentative ceasefire between the U.S. and Iran in June, easing concerns over disruption to energy flows through the Strait of Hormuz. But an escalation of hostilities has seen prices rebound in recent months.
The data follows inflation readings in France and Spain, the eurozone's second- and fourth-largest economies, respectively, where inflation jumped sharply in August.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
August 31, 2026 08:33 ET (12:33 GMT)
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