Germany ‘rebuilding pillars’ of national security
Some items in German grocery stores have seen prices shoot up Image: Annegret Hilse/REUTERSInflation in Germany rose to 2.9% in August, driven largely by sharply higher energy prices, the Federal Statistical Office confirmed on Thursday.
The annual rate was the highest since late 2023, up from 2.8% in July and 2.3% in June.
Energy prices rose 10.5% compared with August last year, accelerating from an 8.3% increase in July.
Motor fuels cost 27.7% more than a year earlier, while heating oil prices jumped 49.6%.
"Particularly noticeable was the rise in energy prices, especially for fuels, which was mainly caused by the Iran war," said Federal Statistical Office President Ruth Brand.
Other household energy costs fell, however. Electricity prices were down 5.5%, natural gas including opera...