German August CPI Rises 2.9% Annually, Below Forecasts
Germany's preliminary August CPI rose 2.9% y/y, below 3.0% forecast; HICP also missed at 2.9% vs 3.1% expected.
31/08/2026 12:114 min read
Germany's preliminary August CPI rose 2.9% y/y, below 3.0% forecast; HICP also missed at 2.9% vs 3.1% expected.
August CPI in key German states rose, pointing to a national print near 2.9-3.0%, reinforcing ECB rate hike expectations.
Germany's state-level CPI data due today; headline inflation expected to rise to 3.0%.
ECB's Isabel Schnabel argued at Jackson Hole that the euro should be issued on a blockchain, and stablecoins cannot replace central bank money for settlement.