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Published by Global Banking & Finance Review®

Posted on March 30, 2026

1 min readGerman inflation accelerates to 2.8% in March - Finance news and analysis from Global Banking & Finance ReviewGerman inflation accelerates in March due to Iran conflict
March inflation data and contributing factors

By Maria Martinez

Inflation trends and statistics

BERLIN, March 30 (Reuters) – German inflation accelerated in March as a result of surging energy prices against the backdrop of the Iran war.

Year-on-year inflation rate

Inflation, which is EU-harmonised, reached 2.8% year-on-year, preliminary data from the federal statistics office showed on Monday.

Analyst forecasts and previous figures

The figure was in line with an analyst forecast that saw inflation to jump to 2.8% from the 2.0% reported in February. 

Energy prices and core inflation

Energy prices were up 7.2% on the same month of the previous year, posting the first increase since December 2023.

Core inflation, which excludes volatile food and energy prices, was unchanged from the previous month at 2.5%.

Reporting credits

(Reporting by Miranda Murray, Editing by Friederike Heine)