Germany flash HICP growth remains slower than expected at 2.9% in August

Preliminary Germany Harmonized Index of Consumer Prices (HICP) data for August arrives at 2.9% YoY, lower than estimates of 3.1% but higher than the previous reading of 2.8%. On a monthly basis, inflation grew by 0.2%, slower than 0.3% estimates and the prior release of 0.9%.