The ECB is about to hike into a price shock and call it inflation; Germany’s 10-Year Yield jumps to highest level in more than 15 years

The ECB is about to hike into a price shock and call it inflation.

German CPI ticked up to 2.9% in August from 2.8%, the hottest since April. Energy did all the work: heating oil, pump prices, and an expired fuel-tax break. Services and food actually cooled.

Energy spikes are a… pic.twitter.com/yaFbX5LTzH

— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 31, 2026

Germany's 10-Year Yield jumps to highest level in more than 15 years
byu/RobertBartus inEconomyCharts