Frankfurt, Germany, Aug 31, 2026 (AFP) - German inflation rises on energy costs, boosting rate hike bets

NAMPA / AFP

2026-08-31

German inflation accelerated again in August as the Iran war stoked energy costs, official data showed Monday, fuelling expectations the European Central Bank would raise interest rates next month. Consumer prices in Europe's biggest economy rose 2.9 percent from a year earlier, according to preliminary figures from statistics agency Destatis, up from 2.8 percent in July. The main driver was energy costs that rose 10.5 percent overall. Food and......

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