BERLIN, Sept 10 Reuters German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central Bank to cut interest rates this week.

Inflation eased to 2.0 in August, its lowest level since June 2021, thanks to lower energy prices.

German consumer prices, harmonised to compare with other European Union countries, had risen by 2.6 yearonyear in July.

Core inflation, which excludes volatile food and energy prices, slowed slightly to 2.8 in August from 2.9 the previous month.

In August, energy prices in Germany fell by 5.1 compared to the same month last year.

On the other hand, the rise in food prices accelerated for the fifth consecutive month. The prices of food were 1.5 higher in August than in the same month a year earlier, data from the statistics office showed.

The increase in service prices was markedly higher than overall inflation, posting a 3.9 rise in August yearonyear.

Reporting by Louis van BoxelWoolf and Maria Martinez, Editing by Friederike Heine and Andrew Heavens

Source Reuters