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On Saturday, August 9, 2025, the supplier gives a change of customers to the farmers market in Hanau, Germany.
Alex Kraus | Bloomberg | Gets the image
Increasing unemployment and inflation has caused a shadow over the worldview of the largest economy in Europe, which joins the broader EU bloc in the section for complete impact of recently implemented US tariffs.
In August, German inflation grew higher than 2.1% expected, preliminary data showed on Friday, which exceeded 2% of the Reuters analysts. In July, inflation, consistent for comparability throughout the euro area, increased by 1.8%.
The main inflation of Germany, which eliminates food and energy prices, was 2.7%in August from the previous month, the country’s stats reported.
The yield on German government bonds known as Bunds have changed little shortly after the release of the data that occurred on the same day when The numbers of the office work She showed that the number of unemployed in August jumped up to 3.025 million, up to 6.4%.
The broader reading of the Eurozone inflation on Tuesday will further understand the economic influence of US President Donald Trump’s tariff policy, which has suffered from various European sectors in recent months.
US and EU hit Trade Agreement In July, including 15% tariff rate on many EU goods exported to the US Fresh details The released earlier this month suggested that this tariff would also apply to some hot challenges such as pharmaceuticals – but important questions are still unanswered, Leaving businesses on the border.
Tariffs are expected to raise prices in the US, but their impact on costs else is less clear.
The economy governed by Germany has long been hovering near the flat line. The country’s gross domestic product in the first quarter increased by 0.3% before contracting by 0.3% in the next period, according to the last data from Destatis.
“It remains to learn how European and US companies will respond to tariffs in the US. While one scenario can see prices that fall in the eurozone because of the excess of infancy and the weaker sale in the US, global operating companies can actually increase prices in Europe to exclude the purchase of profit in the US,” said Carsten Brzeski.
“A rather internal theme will be the cooling of the German labor market, which should take pressure on wages and thus in it September meeting.
ECB has recently decided to hold it Key speed unchanged by 2% During his July meeting.
