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Dow Jones Newswires: German inflation resumed upward trend in August

German inflation accelerated again in August after easing in both June and July, confirming the initial estimate, in an indicator that price pressures persist because the energy supply crisis lingers.

The buyer price indexa way of measuring what consumers purchase goods and servicesrose 7.9% in August weighed against exactly the same month this past year measured by national standards, up from 7.5% in July, final data from German statistics office Destatis showed Tuesday.

Economists polled by The Wall Street Journal expected inflation ahead in at 7.9%.

Consumer price inflation in August accelerated to 7.9%, exactly the same registered in-may, which is the best reading since 1973, after declining slightly both in June and July because of temporary government measures.

In August, consumer prices rose 8.8% on year by EU harmonized standards, Destatis said.

Write to Maria Martinez at

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