German Consumer Prices Declined in August

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.

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