Germany April Inflation Confirmed at 2.9%

2026-05-12 06:11 By Kyrie Dichosa 1 min. read

Germany’s annual inflation rate accelerated to 2.9% in April 2026, confirming preliminary estimates and rising from 2.7% in March, marking the highest reading since January 2024.

The increase was largely driven by another sharp rise in energy prices, which surged 10.1% amid higher crude oil prices linked to the ongoing Iran war.

Motor fuel costs jumped 26.2%, while heating oil prices soared 55.1%.

Food inflation also picked up to 1.2% from 0.9%, while goods inflation accelerated to 2.9% from 2.3%.

In contrast, services inflation eased to 2.8% from 3.2%.

Core inflation, which excludes food and energy, held steady at 2.3%.

On a monthly basis, consumer prices rose 0.6% in April, matching preliminary estimates, as energy prices increased 2.1%.

Meanwhile, the annual HICP inflation rate edged up to 2.9% from 2.8% in March, also reaching its highest level since January 2024, and well above the European Central Bank’s 2% target.



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