Economics
German Inflation Quickens More Than Expected on Spike in Energy Costs
- Consumer prices rose 5.5% from year ago in February; est. 5.4%
- Inflation also exceeded forecasts in Spain, France and Italy
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German inflation resumed its ascent, bolstered by a surge in energy costs that’s in danger of intensifying due to Russia’s invasion of Ukraine.
After snapping six straight months of acceleration in January, consumer prices jumped 5.5% from a year earlier in February -- more than the 5.4% median estimate of economists surveyed by Bloomberg. A national measure reached 5.1% -- the highest since 1992.