German Inflation Rises More Than Expected in March

German Inflation Rises More Than Expected in March
People with shopping bags walk near a shopping center, amid the coronavirus disease (COVID-19) pandemic, in Berlin, Germany, on Dec. 21, 2021. Annegret Hilse/Reuters
Reuters
Updated:

BERLIN—German annual inflation rose more than expected in March as prices of natural gas and mineral oil products soared after Russia’s invasion of Ukraine, preliminary data showed on Wednesday.

Consumer prices, harmonized to make them comparable with inflation data from other European Union countries (HICP), rose 7.6 percent on the year after 5.5 percent in February, the Federal Statistics Office said.