German Inflation Accelerates as ECB Prepares to Debate Stimulus
- Consumer prices rose annual 1.8% in August vs estimated 1.7%
- ECB will begin its two-day policy meeting on Sept. 6
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German inflation accelerated more than economists predicted as European Central Bank officials prepare to discuss paring back stimulus.
The rate rose to 1.8 percent in August from 1.5 percent in July, the Federal Statistics Office in Wiesbaden said on Wednesday. Economists forecast an increase to 1.7 percent, according to a Bloomberg survey. Consumer prices rose 0.2 percent from the previous month.