Germany's inflation rate reached 2.8% in March, aligning with analysts' expectations that it would jump to 2.8% from 2% in February. The core inflation rate, which excludes volatile food and energy prices, remained unchanged from the previous month at 2.5%. According to preliminary data from the Federal Statistical Office, the inflation rate, calculated according to EU standards, stood at 2.8% on an annual basis. Energy prices rose by 7.2% compared to the same month last year, marking the first increase since December 2023. The acceleration of inflation in Germany in March was due to rising energy prices caused by the Iran war.
