According to the report from Federal Statistical Office (Destatis), the inflation rate in Germany as measured by the consumer price index (CPI) was 1.4% higher in August 2019 than in August 2018. Destatis also reports that the rate of inflation was down (July 2019: +1.7%).

Energy product prices rose 0.6% from August 2018 to August 2019. This increase was much smaller than the overall price increase. In July 2019 energy prices had risen by as much as +2.4% year on year. Food prices rose above average (+2.7%) in August 2019 compared with August 2018. The year-on-year increase in food prices thus accelerated for the fifth consecutive month (July 2019: +2.1%). The prices of goods (total) were 1.3% higher in August 2019 than in the same month a year earlier. Service prices rose more strongly (+1.6%) than goods prices from August 2018 to August 2019. 

Compared with July 2019, the consumer price index fell by 0.2% in August 2019. The prices of energy (total) were down 1.0% in the same period. Price decreases were recorded for both motor fuels (-2.4%) and heating oil (-2.0%). There were sizeable price decreases also in the education sector for pre-primary and primary education services  (-3.0%) and for package holidays (-2.5%).