Annual consumer price inflation in Germany has eased to its lowest level since March 2021 in August, a preliminary figure showed.
Annual CPI inflation stood at 1.9% in August, while easing from 2.3% in July.
In comparison, market consensus had pointed to a lesser slowdown – to 2.1%.
Meanwhile, Germany’s EU-harmonized inflation rate eased to 2% in August from 2.6% in July. It has been the lowest rate since March 2021.
In monthly terms, consumer prices in the country edged down 0.1% in August, following a 0.3% rise in the prior month.
The Euro was 0.16% weaker on the day against the British Pound, with the EUR/GBP currency pair last trading at 0.8416.
The minor Forex pair was hovering just above a fresh one-month low of 0.8402.
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