Economics

German Inflation Quickens to Record on Fallout From War

  • Prices were 7.8% higher than year ago in April; est. 7.6%
  • Spanish inflation slowed more than anticipated to 8.3%

Customers drink outdoors at a restaurant terrace by a shopping plaza in Baden Baden, Germany.

Photographer: Ben Kilb/Bloomberg
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German inflation unexpectedly accelerated to the fastest since records began in the early 1990s as Russia’s war in Ukraine roiled energy markets and disrupted supply chains.