Germany’s inflation accelerates to 2.7% in March, the highest level since 2024

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By TP

The Germany inflation accelerates until its interannual rate is at 2.7% in Marchwhich means eight tenths more than in the previous month, according to data from Destatis, the Federal Statistics Office. The figure represents the highest level recorded since January 2024. «He significant increase in prices of energy products is driving inflation. In particular, motor fuel and heating oil prices have risen considerably for consumers since the start of the war with Iran«explains the president of Destatis, Ruth Brand. In detail, the cost of energy products was 7.2% higherafter the 1.9% drop in February, registering the first year-on-year increase in energy prices since December 2023. Motor fuels became more expensive by 20% compared to March 2025 and heating oil by 44.4%. «These notable price increases were mainly due to the conflict in Iran and the Middle East and the subsequent evolution of oil prices raw», points out. Nevertheless, household energy overall was 1.2% cheaper due, in part, to the measures implemented by the Government since the beginning of the year. As for the Food prices moderated slightly in March, rising 0.9%two tenths less. In addition, goods increased their cost by 2.3%. Non-durable consumer goods rose 3.4% and durable consumer goods rose 0.5%. For its part, In services, prices were 3.2% higher. Regarding the rate of core inflationthat is, excluding food and energy, has remained at 2.5% since the beginning of the year.

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