Economic Buzz: German Inflation Hits Fresh Peaks In March

12 Apr 2022 , 04:07 PM

Germanys consumer price index rose 7.3 percent year-on-year in March, after a 5.1 percent increase in February, final data from Destatis showed on Tuesday. This was the biggest rate since German reunification. Data showed that goods prices were up 12.3 percent due to the 39.5 percent increase in energy product prices. At the same time, food prices moved up 6.2 percent. Prices of services increased 2.8 percent. Excluding energy and food prices, inflation was only 3.4 percent. Compared to the previous month, the CPI grew 2.5 percent in March, as initially estimated, following a 0.9 percent rise in February.

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