German inflation surges to 3.8% in July, highest since 2008


Germany consumer prices accelerated at a faster-than-expected pace of 3.8% this month, breaching the 3% mark for the first time since 2008. – EPA pic, July 29, 2021.

GERMAN consumer prices accelerated at a faster-than-expected pace of 3.8% this month, preliminary data showed today, breaching the 3% mark for the first time since 2008.

The last time inflation in Europe’s top economy ran higher was in December 1993 (4.3%).


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