Latest data released by Destatis - 30 August 2021
- Prior +3.7%
The bump in annual inflation here reaffirms the notion that price pressures are still on the high side in Germany, likely to see an estimated +3.9% y/y or +4.0% y/y reading in the national reading when released later in the day at 1200 GMT.
The surge in annual inflation since July owes much to base effects, after having seen a VAT reduction during the course of 2H 2020.
