Inflation in Germany could reach 7.3 percent in March

By: Trademagazin editor Date: 2022. 03. 30. 11:08

According to preliminary data from the German Federal Statistical Office, inflation in Germany could be 7.3 percent in March, the highest since the fall of 1981, the second Gulf War.

German inflation could break thirty-and-a-half-year record in March

The March Consumer Price Index (CPI) rose 7.3 percent on an annualized basis, according to Destatis’ first calculation based on a narrower range of data, significantly exceeding both market expectations of 6.3 percent and 5.1 percent in the previous month.

Rising gas and crude oil prices and other commodity prices due to the Russian-Ukrainian armed conflict contributed the most to the rise in inflation in March. (MTI)