## GERMAN AUG 0.1% M/M - STATISTICS OFFICE **Consumer prices in Germany edged up by 0.1% month-on-month in August, the Federal Statistical Office reported on Wednesday**. This is in line with consensus estimates and follows a 0.9% increase in July. Year-on-year, consumer prices rose by 3.9%, slowing from a 4.1% increase in July. **The slowdown in annual inflation was mainly due to a decline in energy prices. Energy prices fell by 4% in August after rising by 14.1% in July. Food prices, on the other hand, continued to rise, increasing by 0.5% month-on-month**. **The German government has introduced a number of measures to help consumers cope with rising living costs. These measures include a €9 billion package of tax cuts and subsidies, as well as a €100 billion fund to help businesses invest in energy efficiency and renewable energy**. **The Bundesbank, Germany's central bank, has kept interest rates unchanged at 0.0%**. The Bundesbank has said that it will not raise interest rates until inflation is close to its target of 2%.
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