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German inflation hits 13-yr high as Bundesbank frets about low ECB rates

Jul 29, 2021 - Nasdaq

Rise trumps forecast for inflation rate of 2.9%

Base effect from VAT change is partly responsible

Adds detail, economist, background

BERLIN, July 29 (Reuters) - Germany's annual consumer price inflation accelerated by more than expected to hit a 13-year-high in July, rising further above the European Central Bank's target of close to but below 2%, the Federal Statistics Office said on Thursday.

Consumer prices, harmonised to make them comparable with inflation data from o...