German CPI meets expectations in August

FXStreet (Mumbai) - The cost of living as measured by the consumer price index (CPI) in Germany was 0.2% higher in August 2015 from August 2014. Compared with July 2015, the consumer price index remained unchanged in August 2015. The data was in line with the preliminary estimates.

The low rate of inflation was mainly due to weak energy prices (-7.6% y/y). The Destatis report shows Food prices rose 0.8% in August 2015 compared with August 2014, while the prices of goods (total) fell by 0.9% in August 2015 compared with August 2014.