Inflation in Germany fell to 1.9% in August, the lowest in over three years, relieving consumer financial pressure and surprising many economists.
Chancellor Olaf Scholz noted that 'People have more money in their wallets again,' highlighting the positive impact of decreasing inflation on real wages.
A significant factor in the inflation drop was the decrease in energy prices, while food prices saw a modest rise of 1.5% year-on-year.
With inflation now under the ECB's 2% target, there are possibilities for another interest rate cut by the Central Bank next month.
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