German inflation soared to a two-year high of 2.7% in March as a result of surging oil prices due to the war in Iran, the Federal Statistical Office said on Monday.
The preliminary figures showed inflation climbing from 1.9% in February to the highest level since the 2.9% recorded in January 2024.
The 2.7% inflation rate is above the 2% target set by both the German Bundesbank and the European Central Bank for price growth.
Energy prices were the main driver of the rising rate of inflation, accelerating by 7.2% compared to March 2025.
Services were 3.2% higher, while food prices rose 0.9%, the data showed.
Month on month, prices rose 1.1% in total, the Wiesbaden-based agency said.
"The rise in inflation in March is only the beginning," said Jörg Krämer, chief economist at Commerzbank. "Higher energy costs will eat their way through the supply chains in the coming months, unless the war ends quickly."
LATEST POSTS
- 1
2 bright planets light up April evenings — here's where and when to look - 26 Methods for further developing Rest Quality
- 3'Wicked: For Good' was filmed at this surreal National Park in Egypt
- 4Atorvastatin recall may affect hundreds of thousands of patients – and reflects FDA’s troubles inspecting medicines manufactured overseas
- 5Jamie Dimon warns Iran war could drive inflation, interest rates higher
- Mom warns of Christmas gift hazard as daughter recovers in hospital
- Find the Lively Food Markets of South America
- Australia’s post-Bondi crackdown accused of targeting pro-Palestinian voices
- Figure out how to Use Your Brain research Degree in the Gig Market
- April full moon 2026 dazzles as 'Pink Moon' lights up skies worldwide (photos)
- Find the Advantages of Positive Nurturing: Supporting Cheerful and Sound Kids
- Netflix Faces Wider Fallout After Italy Court Orders Refunds, Price Cuts
- Solar storms have influenced our history – an environmental historian explains how they could also threaten our future
- Exploring ways to reduce the impact of space junk on Earth
