German August inflation confirmed at 7.9%

German inflation in August was confirmed at 7.9%, up from 7.5% in July, according to statistics office Destatis.

Consumer price inflation had declined slightly both in June and July due to temporary government measures.

In August, consumer prices rose 8.8% on year by European Union harmonised standards, Destatis said on Tuesday.

The figure was driven by further increases in food and energy inflation. Food inflation climbed to 16.6%, from 14.8% in July, while household energy inflation increased to 46.4%, from 42.9% in the month before.

Reporting by Frank Prenesti at Sharecast.com