Germany's Federal Statistical Office released flash estimates for the July consumer price index, showing a 2.8% year-on-year rise on an EU-harmonised basis, matching the consensus forecast of economists polled by Reuters. Energy prices jumped 8.3%, a sharp acceleration from 3.4% in the previous month, driving the overall increase and pushing the headline rate up from 2.4% in June. Meanwhile, core inflation, which excludes food and energy, edged down to 2.4% from 2.5% in the prior month.