Economic news

Germany posts decrease of inflation in August to target levels

Yearly inflation in Germany moderated harder than predicted this month entering the ECB’s price stability area, yesterday’s figures indicate, which backs its policy of smooth monetary stimulus easing.

The Federal Statistics Office data shows that Germany’s consumer prices, adjusted so they could be compared to inflation figures of other EU members, grew 1.9% in relation to the same period a year ago, following a 2.1% lift in July.

The reading undershoots a mean prediction of 2% by experts in a poll by Reuters. The ECB’s target level is less than 2% though not far off.

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