Germany's Inflation Climbs to 2.9 Percent as Energy Prices Surge
The country's annual inflation rate climbed to 2.9% last month, accelerating from 2.7% recorded in March, federal statistical office Destatis confirmed.
Energy costs led the charge, spiking 10.1% — marking "the largest increase in energy prices since February 2023 (+19.1% on February 2022)," Destatis stated.
Stripping out volatile food and energy costs, Germany's core inflation held at 2.3% in April, suggesting that broader price pressures remain comparatively contained even as headline figures push higher.
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