German Inflation Hits 2.9% in August as Fuel Prices Surge 27.7%
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Wiesbaden – September 15, 2026 -- Germany's annual inflation rate climbed to 2.9% in August 2026, up from 2.8% in July and 2.3% in June, driven largely by an energy price shock tied to the Iran war, the Federal Statistical Office (Destatis) confirmed. Consumer prices rose 0.2% month-on-month, matching the preliminary reading.
Energy prices post the sharpest annual jump in over three years
Overall energy costs rose 10.5% year-on-year in August, up from 8.3% in July, marking the steepest increase since February 2023's 19.1% spike. Fuel prices led the surge, up 27.7% year-on-year and 3.1% month-on-month, with diesel climbing 6.4% and premium gasoline 2.1% versus July. Light heating oil rose 49.6% annually and 6.5% on the month.