German annual inflation slows unexpectedly in August

[August 30, 2016]  BERLIN (Reuters) - German annual inflation slowed unexpectedly in August, preliminary data showed on Tuesday, suggesting price pressures in Europe's largest economy remain weak despite the European Central Bank's ultra-loose monetary policy.

German prices, harmonized to compare with other European countries (HICP), were up by 0.3 percent on the year after rising by 0.4 percent in July, the Federal Statistics Office said.

This was below a Reuters consensus forecast for consumer prices to rise by 0.5 percent.

(Reporting by Michael Nienaber; Editing by Joseph Nasr)

[© 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.