Tuesday, 02 January 2024 12:17 GMT

Iran War Pushes Germany Inflation to 2.9 Percent


(MENAFN) Germany's annual inflation rate climbed to 2.9% in April, accelerating from 2.7% in March, as war-driven energy costs continued to squeeze consumers, official figures from federal statistical authority Destatis revealed Tuesday.

The reading marks the second straight monthly increase in overall inflation, driven primarily by surging energy prices tied to the Iran war, according to Destatis president Ruth Brand.

"Consumers are particularly feeling the persistent price pressure regarding motor fuels," Brand added.

The energy price data paints a striking picture of the burden facing German households. Energy products were 10.1% more expensive in April 2026 compared to the same month a year earlier, a sharp jump from the roughly 7.2% rise recorded in March. Motor fuel prices skyrocketed 26.2% year-on-year in April, while heating oil costs surged an eye-watering 55.1% — figures that lay bare the real-world cost of the ongoing regional conflict on everyday Germans.

On a monthly basis, consumer prices edged up 0.6% in April compared to March, reflecting continued and broadening price pressures across the economy.

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