Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
German inflation climbs again as energy prices soar
Energy prices, which have taken off since the Russian invasion of Ukraine, had a "substantial impact on the high inflation rate", Destatis said in a statement.
Business
August 30, 2022

German inflation climbs again as energy prices soar

FRANKFURT, Germany (AFP) — German inflation gathered pace again in August, official data published Tuesday showed, as the soaring price of energy heaped pressure on households.

Consumer prices rose by 7.9 per cent in the year to August, according to the federal statistics agency Destatis, having fallen to 7.5 per cent in July.

Energy prices, which have taken off since the Russian invasion of Ukraine, had a “substantial impact on the high inflation rate”, Destatis said in a statement.

The prices paid for household electricity and fuel rose by 35.6 per cent in the year to August, according to the agency.

Sky-high inflation figures — well above the two per cent rate targeted by the European Central Bank — have strengthened calls for a response from central bank policymakers and the government in Berlin.

German ministers were set to discuss the alarming increase in the price of energy at a two-day cabinet retreat which started yesterday.

With energy bills on the rise, the Government is under pressure to do more to ease the strain on struggling households.

Initial relief measures announced by Berlin earlier this year will fall away at the end of August, including a popular nine-euro ($9) ticket valid for a month’s worth of travel on local and regional trains.

The end of the relief measures and the high August inflation figures augured the start of what could be a “hot inflation autumn”, LBBW bank analyst Elmar Voelker said.

The new data also argued for a “strong further hike” in eurozone interest rates, Voelker said.

The ECB is expected to do just that at its meeting next week, having raised interest rates for the first time in over a decade in July.

On the harmonised index used as a reference by the central bank, inflation in Germany sat at 8.8 per cent in August.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Cedricka Williams breaks Tennessee discus record
Latest News, Sports
Cedricka Williams breaks Tennessee discus record
April 10, 2026
KINGSTON, Jamaica — Cedricka Williams broke the nearly 50-year-old University of Tennessee women’s discus throw record on Friday, after she won the ev...
{"jamaica-observer":"Jamaica Observer"}
Shaw’s hat-trick leads Reggae to 4-0 win over Antigua and Barbuda
Latest News, Sports
Shaw’s hat-trick leads Reggae to 4-0 win over Antigua and Barbuda
April 10, 2026
KINGSTON, Jamaica — Khadija ‘Bunny’ Shaw’s hat-trick led Jamaica to a 4-0 win over Antigua and Barbuda in their Concacaf W Championship qualifiers Gro...
{"jamaica-observer":"Jamaica Observer"}
Jamaicans in diaspora urged to channel donations to health sector through NHEF
Latest News, News
Jamaicans in diaspora urged to channel donations to health sector through NHEF
April 10, 2026
KINGSTON, Jamaica — Executive Director of the National Healthcare Enhancement Foundation (NHEF), Courtney Cephas, is encouraging members of the Jamaic...
{"jamaica-observer":"Jamaica Observer"}
Chentelle Swaby gets 50th cap, starts for Reggae Girlz against Antigua
Latest News, Sports
Chentelle Swaby gets 50th cap, starts for Reggae Girlz against Antigua
April 10, 2026
KINGSTON, Jamaica  — Chantelle Swaby will make her 50th appearance for Jamaica’s Reggae Girlz after she was named in the starting team to face Antigua...
{"jamaica-observer":"Jamaica Observer"}
PNPYO calls out double standards in ethics committee actions, demands equal scrutiny for JLP MPs
Latest News, News
PNPYO calls out double standards in ethics committee actions, demands equal scrutiny for JLP MPs
April 10, 2026
KINGSTON, Jamaica — The People’s National Party Youth Organisation (PNPYO) is condemning what it describes as a troubling pattern of selective enforce...
{"jamaica-observer":"Jamaica Observer"}
JYAN calls for probe into child safety concerns at hurricane shelter schools
Latest News, News
JYAN calls for probe into child safety concerns at hurricane shelter schools
April 10, 2026
KINGSTON, Jamaica — The Jamaica Youth Advocacy Network (JYAN) is calling for an urgent investigation into allegations of sexually inappropriate behavi...
{"jamaica-observer":"Jamaica Observer"}
Lynk launches virtual card in Jamaica
Latest News, News
Lynk launches virtual card in Jamaica
April 10, 2026
KINGSTON, Jamaica —  A new virtual payment solution aimed at expanding access to digital finance has been launched in Jamaica, allowing users to make ...
{"jamaica-observer":"Jamaica Observer"}
Body of Mexican man who went missing at Blue Hole found
Latest News, News
Body of Mexican man who went missing at Blue Hole found
April 10, 2026
KINGSTON, Jamaica—The body of a Mexican man who is suspected to have drowned while swimming at the Blue Hole attraction St Ann has been found. He has ...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct