German inflation accelerated to a 40-year high of 8.8 per cent in the year to August, bolstering calls for the European Central Bank to accelerate the pace of interest rate rises when its policymakers meet next week.
Consumer prices in Europe’s largest economy were mostly driven by the soaring cost of energy and food, lifting inflation by 0.4 percentage points from July despite recent government measures to cushion the blow for households.
The figures supported calls by ECB governing council members for the bank to be more aggressive in its policy response to the surge in inflation, which has hit its highest level since the euro was created 23 years ago and is expected to have accelerated further in August.
您已阅读19%（715字），剩余81%（3000字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。