Europe Intelligence Brief for August 12: German inflation rose to 2.8% in July, driven entirely by energy after a fuel rebate expired, while the core rate
Rio Times · Europe Intelligence Brief August 12
Key Facts
—Confirmed at 2.8% German consumer prices rose 2.8% over the year in July, up from 2.3% in June, in final figures published on Wednesday.
—Energy did all of it Energy prices rose 8.3% over the year, against 3.4% in June, and 5.0% in a single month.
—A rebate that expired Fuel prices jumped 11.2% in one month, with diesel up 12.6% and petrol 11.0%, after a state fuel rebate ended on 30 June.
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