Economy
Inflation in Germany hits 2-year high as energy prices up for 1st time since 2023
Germany sees annual inflation rate of 2.7% in March as energy prices see 1st increase since 2023
Gokhan Ergocun |
30.03.2026 - Update : 30.03.2026
ISTANBUL
Annual inflation rate in Germany reached 2.7% in March, hitting the highest level since January 2024, the Federal Statistical Office (Destatis) stated on Monday.
Energy prices jumped 7.2% year-on-year in March, marking the first increase since December 2023, according to Destatis' preliminary figures.
The core inflation rate, which excludes food and energy prices, stood at 2.5% during the same period.
Food prices showed a slight increase of 0.9% in March compared to the same month last year.
Consumer prices also increased by 1.1% in March compared to February.
The office scheduled the release of the final inflation results for March on April 10.
