Energy Prices Bump German Inflation to Four-Decade High

Energy Prices Bump German Inflation to Four-Decade High
A fruit and vegetable stand on a weekly market in Berlin, on March 14, 2020. Annegret Hilse/Reuters
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BERLIN—German inflation hit its highest level in more than four decades in April, pushed higher by natural gas and mineral oil products that have significantly increased in price since Russia’s attack on Ukraine.

Consumer prices, harmonized to make them comparable with inflation data from other European Union countries (HICP), rose an annual 7.8 percent, a rise from March’s 7.6 percent, the Federal Statistics Office said on Thursday.