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German inflation rises more than expected in August.

general :: 2025-08-29 :: source - reuters

By Maria Martinez

People pass a Kleiderei fashion rental store in Berlin, Germany, April 8, 2025. REUTERS

(Reuters) - German inflation rose more than expected in August, adding to the gloom on a day when unemployment topped three million for the first time in a decade.

Inflation rose to 2.1%, preliminary data from the federal statistics office showed on Friday. Analysts polled by Reuters had forecast EU-harmonised inflation increasing to 2.0% from last month's 1.8%.

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The German data comes ahead of the euro zone inflation release on Tuesday. Inflation in the currency bloc is expected to remain stable at 2.0% in August, according to economists polled by Reuters.

The European Central Bank left its key rate at 2% at its last meeting and it will probably do so again next month before discussions about further cuts likely resume in the autumn, especially if the economy weakens under U.S. tariffs, sources told Reuters.

Germany's core inflation rate, which excludes volatile food and energy prices, remained unchanged at 2.7% in August.

Reporting by Rachel More and Miranda Murray Editing by Ludwig Burger

Reuters report


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