German Consumer Prices Unchanged In August

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Thursday, Germany's Federal Statistical Office said in a preliminary report that the consumer price index or CPI remained unchanged on an annual basis in August, compared with a 0.5% fall in the previous month. Economists were looking for a decline of 2%.

On a monthly basis, the CPI rose 0.2% in August, compared with a flat reading in the preceding month.

Meanwhile, the harmonised index of consumer prices or HICP dropped 0.7% year-on-year in August, marking the same as in the previous month. Economists expected a decline of 0.4%. Month-on-month, the HICP increased 0.4%, after falling 0.1% in July.

Thursday, Germany's Federal Statistical Office said in a preliminary report that the consumer price index or CPI remained unchanged on an annual basis in August, compared with a 0.5% fall in the previous month. Economists were looking for a decline of 2%. (Market News Provided by RTTNews)