Life in Germany is more expensive

Inflation further accelerated in August, according to the final data published by the Federal Statistical Office (Destatis) on Wednesday. The data correponds to the forecasts.

In August, consumer prices were 1.8 percent higher than in the previous year. In July 1.7 percent in June, 1.6 percent and in May 1.5 percent increase was measured.

However, inflation was higher in the first months of the year: 1.9 in January, 2.2 in February, 1.6 in March and 2.0 in April in annual comparison.

Consumer prices increased by 0.1 percent in August, compared to the previous month. In July, 0.4 percent and in June 0.2 percent was measured, compared to the previous month. (MTI)