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German inflation rises to 2.9% in August, coming in below expectations

Photo: Euronews

What happened

Inflation in Germany rose 2.9% in the year to August on the harmonised measure tracked by the European Central Bank, a fresh acceleration from July but well short of the 3.1% economists had expected, in a reading that offers modest relief to policymakers meeting in Frankfurt next week.

Summary assembled by rule from the sources below

Sources