{"id":72061,"date":"2022-09-13T11:43:36","date_gmt":"2022-09-13T07:43:36","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72061"},"modified":"2022-09-13T11:43:38","modified_gmt":"2022-09-13T07:43:38","slug":"germanys-august-inflation-slowed-to-0-3","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/germanys-august-inflation-slowed-to-0-3\/09\/13\/market-updates\/","title":{"rendered":"Germany&#8217;s August inflation slowed to 0.3%"},"content":{"rendered":"\n<p>Inflation in Germany slowed down in August to 0.3% versus 0.9% in July, in line with expectations, but on an annual basis, inflation rose to 7.9% in line with expectations, continuing above 7%.<\/p>\n\n\n\n<p>The main reason for the rise in inflation remains the high prices of energy and food products, as the head of the Federal Statistical Office said: &#8220;Two measures of the relief package had a slight downward impact on the overall inflation rate, especially from June to August 2022, namely, the 9 euro ticket and the fuel tax.&#8221;<\/p>\n\n\n\n<p>The \u20ac9 ticket for public transport, which was introduced on June 1, 2022 for a period of 3 months, had a downward impact on regional public transport prices and short-distance passengers for the last time in August 2022, as well as a lower fuel tax positively impacting the decline in motor fuel prices as of June 2022.<\/p>\n\n\n\n<p>In addition, the sources told Reuters that policy makers at the European Central Bank see increased risks that they will have to raise the key interest rate to 2% or more to curb record inflation in the euro area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation in Germany slowed down in August to 0.3% versus 0.9% in July, in line with expectations, but on an annual basis, inflation rose to 7.9% in line with expectations, continuing above 7%. The main reason for the rise in inflation remains the high prices of energy and food products, as the head of the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839,7215,6987],"class_list":["post-72061","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany","tag-hicp","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72061"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72061\/revisions"}],"predecessor-version":[{"id":72062,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72061\/revisions\/72062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32815"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}