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German Consumer Prices Declined in August

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08/31/2020 | 08:26am EDT

By Maria Martinez

Preliminary data shows German consumer prices declined in August for the second consecutive month, German statistics office Destatis said Monday.

Consumer prices fell 0.1% on month in August as measured by national standards, and declined 0.2% on EU-harmonized standards, Destatis said. Economists polled by The Wall Street Journal had forecast that prices would remain flat in both national standards and EU-harmonized standards.

Consumer prices remained flat on year in national standards, in line with the forecast from economists polled by The Wall Street Journal. Prices declined 0.1% on year in EU-harmonized standards, below the polled economists' forecast of a 0.1% increase.

The final results for August will be released on September 11.

 

Write to Maria Martinez at maria.martinez@wsj.com

 

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