German Inflation Rate Jumps to 2.8% in March

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Business World

German Inflation Rate Jumps to 2.8 Percent in March

The German Federal Statistical Office released new economic data today. This new data confirms earlier preliminary financial figures. Germany's national inflation rate officially rose to 2.8 percent in March.

Comparing Recent Months

In February, the German inflation rate sat at just 2.0 percent. This important metric measures the steady rise in everyday consumer prices.

Economists harmonize this specific data for easy European Union comparisons. The numbers show a clear trend. Every day, consumer costs have clearly jumped significantly during the last month.

Author: Amita Kalsi