(Reuters) – German inflation calculated according to European standards (IPCH) increased more than expected over one year in August, to 2.1%, show the preliminary data published Thursday by the Federal Statistics Office.
The analysts interviewed by Reuters anticipated an increase at +2.0% in August after +1.8% in July.
Over a month, IPCH inflation slowed down at +0.1% in August, while analysts were tabling on stability after an increase of +0.4% in July.
This data precedes the publication Tuesday of inflation in the euro zone which, according to economists questioned by Reuters, should remain stable at 2.0% in August.
The European Central Bank (ECB) maintained its 2% key rate at its last meeting and should do the same next month, before discussions on new decreases probably resume in the fall, especially if the economy is weakening in the effect of American customs duties, sources in Reuters said.
The underlying inflation in Germany, which excludes the volatile prices for food and energy, remained unchanged at 2.7% in August.
(Written by Mara Vîlcu, with Rachel More and Miranda Murray, edited by Kate Entringer)
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