FX.co ★ German Inflation Cools Sharply in August as MoM CPI Slows to 0.2%

Germany’s consumer price growth slowed markedly in August 2026, with the month-over-month Consumer Price Index (CPI) easing to 0.2%, down from 0.8% previously. The latest figures, updated on 10 September 2026, highlight a significant loss of momentum in short-term inflation pressures across Europe’s largest economy.

Both the current and previous readings relate to August 2026 but capture changes versus different prior months: the current 0.2% figure reflects the rise in prices compared with the preceding month, while the earlier 0.8% reading measured the increase in the previous month against its own prior month. This sharp step down suggests that the pace of price increases is moderating, a development likely to be closely watched by policymakers and markets assessing the trajectory of inflation in Germany and the wider euro area.