{"id":365952,"date":"2026-03-30T14:29:15","date_gmt":"2026-03-30T14:29:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/365952\/"},"modified":"2026-03-30T14:29:15","modified_gmt":"2026-03-30T14:29:15","slug":"german-inflation-soars-to-2-7-in-march-as-iran-war-drives-up-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/365952\/","title":{"rendered":"German inflation soars to 2.7% in March as Iran war drives up prices"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/bf51e75d6b7f7e8990290cbfef1ed5a2.jpeg\" alt=\"A woman reaches for peppers labeled &quot;6 euros\/kg&quot; at a market stall. Jennifer Br\u00fcckner\/dpa\" loading=\"eager\" height=\"534\" width=\"800\" class=\"yf-lglytj  loaded\"\/> A woman reaches for peppers labeled &#8220;6 euros\/kg&#8221; at a market stall. Jennifer Br\u00fcckner\/dpa      <\/p>\n<p class=\"yf-1fy9kyt\">German inflation soared to a two-year high of 2.7% in March as a result of surging oil prices due to the war in Iran, the Federal Statistical Office said on Monday.<\/p>\n<p class=\"yf-1fy9kyt\">The preliminary figures showed inflation climbing from 1.9% in February to the highest level since the 2.9% recorded in January 2024.<\/p>\n<p class=\"yf-1fy9kyt\">The 2.7% inflation rate is above the 2% target set by both the German Bundesbank and the European Central Bank for price growth.<\/p>\n<p class=\"yf-1fy9kyt\">Energy prices were the main driver of the rising rate of inflation, accelerating by 7.2% compared to March 2025.<\/p>\n<p class=\"yf-1fy9kyt\">Services were 3.2% higher, while food prices rose 0.9%, the data showed.<\/p>\n<p class=\"yf-1fy9kyt\">Month on month, prices rose 1.1% in total, the Wiesbaden-based agency said.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;The rise in inflation in March is only the beginning,&#8221; said J\u00f6rg Kr\u00e4mer, chief economist at Commerzbank. &#8220;Higher energy costs will eat their way through the supply chains in the coming months, unless the war ends quickly.&#8221;<\/p>\n<p>    <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Shoppers walk with their bags at Buchanan Street in Glasgow. Consumer confidence has &quot;collapsed&quot; as the war in the Middle East raises fears of soaring inflation over the coming months, survey by Opinium shows. Danny Lawson\/PA Wire\/dpa\" loading=\"lazy\" height=\"577\" width=\"800\" class=\"yf-lglytj loader\"\/> Shoppers walk with their bags at Buchanan Street in Glasgow. Consumer confidence has &#8220;collapsed&#8221; as the war in the Middle East raises fears of soaring inflation over the coming months, survey by Opinium shows. Danny Lawson\/PA Wire\/dpa      <\/p>\n","protected":false},"excerpt":{"rendered":"A woman reaches for peppers labeled &#8220;6 euros\/kg&#8221; at a market stall. Jennifer Br\u00fcckner\/dpa German inflation soared to&hellip;\n","protected":false},"author":2,"featured_media":365953,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,4414,11157,129747,32090,176414,129748,85,46,176415,6807],"class_list":["post-365952","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-energy-prices","tag-european-central-bank","tag-federal-statistical-office","tag-food-prices","tag-german-bundesbank","tag-german-inflation","tag-il","tag-israel","tag-market-stall","tag-oil-prices"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/365952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=365952"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/365952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/365953"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=365952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=365952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=365952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}