Inflation in Germany, Europe's largest economy, slowed less than initially estimated in August to 1 per cent from 1.2 per cent in July.
The figure is above an initial estimate of 0.9 per cent published on August 27th.
In the month, consumer prices rose 0.1 per cent.
Crude oil prices have declined 8.3 per cent over the past month, easing pressure on inflation as the global economic recovery cools. With governments across Europe stepping up budget-consolidation efforts to cut deficits, companies may struggle to pass on higher costs.
Bundesbank president Axel Weber said in a Bloomberg interview on August 19th that the current growth momentum "is not sustainable".
"There are no price pressures on the horizon," said Michael Holstein, an economist at DZ Bank AG in Frankfurt. "Slowing growth both in Germany and globally will limit price gains. There's no pressure on the European Central Bank to act."
The ECB, which aims to keep inflation in the 16-country euro region just below 2 per cent, on September 2nd kept its key interest rate at a record low of 1 per cent. The bank that day predicted inflation to average about 1.6 per cent this year and around 1.7 per cent in 2011.
Consumer prices excluding energy costs increased 0.8 per cent from a year earlier and 0.1 per cent compared with the previous month, the statistics office said.
Bloomberg