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German inflation accelerates to 2.9% in April

Published by Global Banking & Finance Review

Posted on April 29, 2026

1 min read

· Last updated: April 29, 2026

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German inflation accelerates to 2.9% in April
Finance Markets Economy

German Inflation Climbs to 2.9% in April 2024 on Higher Energy Prices

April 2024 Inflation Data and Economic Impact

Inflation Rate Rises in April

BERLIN, April 29 (Reuters) - German inflation accelerated in April, reaching 2.9% year-on-year, preliminary data from the national statistics office showed on Wednesday.

Analyst Expectations and Contributing Factors

Analysts polled by Reuters had forecast the EU-harmonised consumer price index to increase to 3.1% from the 2.8% reported for March, reflecting the energy price surge due to the war in Iran.

Reporting Credits

(Reporting by Thomas Seythal and Linda Pasquini)

Key Takeaways

  • April inflation reached 2.9% YoY, up from 2.8% in March according to preliminary data from three German states, signaling a national rise (investing.com).
  • The surge in energy prices due to the Iran war is the primary driver, constraining household budgets and lifting costs across industries (investing.com).
  • Economic institutes have revised forecasts: 2026 inflation now expected to average around 2.8%, up sharply from earlier projections, while growth estimates have been halved to just 0.5% amid the energy shock (m.investing.com)

References

Frequently Asked Questions

What was the German inflation rate in April 2024?
German inflation reached 2.9% year-on-year in April 2024, according to preliminary data.
What caused the increase in German inflation in April?
The rise in inflation was driven primarily by an energy price surge related to the war in Iran.
How does the April figure compare to March 2024?
Inflation increased from the 2.8% reported for March to 2.9% in April.
What was the expected inflation rate according to analysts?
Analysts expected the EU-harmonised consumer price index to rise to 3.1%.
Which data source published the inflation figures?
The preliminary inflation data was published by the German national statistics office.

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