German headline inflation came in at 6.1% year-on-year in August, down from 6.2% in July; the lowest level since March 2022. The harmonised European measure dropped to 6.4% YoY, from 6.5% YoY in July. On the month, German prices were up by 0.3%, the strongest monthly increase in August in more than 20 years, illustrating that the drop in headline inflation is mainly the result of base effects. Last inflation burst in Germany. Next stop is disinflation Inflation data in Germany and many other European countries continue to be surrounded by more statistical noise than usual, making it harder for the European Central ... (full story)