India, July 30 -- Consumer price inflation in Germany accelerated at a faster than expected pace in July to its strongest in three months as energy prices surged after the government's fuel tax rebate ended and also due to the intensification of the conflict in the Middle East. The inflation shoot up in the biggest euro area economy has raised the speculation regarding an interest rate hike in the September policy session of the European Central Bank.
Headline inflation, as measured on the consumer price index, climbed to 2.8 percent from 2.3 percent in June, preliminary data from the statistical office Destatis showed Thursday. That surpassed the 2.7 percent increase economists had forecast.
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