Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power. It is typically measured as an annual percentage increase.

Gross Domestic Product (GDP) is the total monetary value of all finished goods and services produced within a country's borders in a specific time period, often used as an economic indicator.

What are consumer prices?

Consumer prices refer to the prices that consumers pay for goods and services in the market. They are a key component in calculating inflation and are monitored through various price indices.

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German inflation eases to 6.4% in August

Published by Uma Rajagopal

Posted on September 8, 2023

1 min read

Last updated: January 31, 2026

Graph illustrating German inflation rate decline to 6.4% in August 2023 - Global Banking & Finance Review — A visual representation of Germany's inflation rate, showing a decline to 6.4% in August 2023, reflecting economic trends discussed in the article.

German inflation eases to 6.4% in August

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German inflation eases to 6.4% in August

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