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German Inflation Unexpectedly Accelerated in March on Oil

German inflation unexpectedly accelerated to the fastest pace in two and a half years in March after energy prices jumped.

The inflation rate, calculated using a harmonized European Union method, increased to 2.3 percent from 2.2 percent in February, the Federal Statistics Office in Wiesbaden said today, revising up its March 29 estimate of 2.2 percent. That’s the highest since October 2008. From January, consumer prices rose 0.6 percent, more than the initial 0.5 percent reading.