FX.co ★ German Inflation Inches Up to 2.9% in August, Halting Recent Disinflation Trend

Germany’s consumer price growth ticked slightly higher in August 2026, with the year-over-year Consumer Price Index (CPI) rising to 2.9%, up from 2.8% in July 2026. The latest data, updated on 31 August 2026, suggests that the recent disinflation trend may be losing momentum.

Both the current and previous readings are based on year-over-year comparisons, measuring price changes in each month against the same month a year earlier. While the move from 2.8% to 2.9% is modest, it signals that inflationary pressures remain present in Europe’s largest economy and may influence expectations for monetary policy and wage negotiations in the coming months.