German inflation falls to the lowest level in more than three years

By Maria Martinez

BERLIN (Reuters) - German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central Bank to cut interest rates this week.

Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to lower energy prices.

German consumer prices, harmonised to compare with other European Union countries, had risen by 2.6% year-on-year in July.

Core inflation, which excludes volatile food and energy prices, slowed slightly to 2.8% in August from 2.9% the previous month.