German Inflation Rate Prel (Mar) Y/Y 2.7% (Prev. 1.9%); Core Y/Y 2.5% (Prev. 2.5%)

• The inflation rate excluding food and energy, often referred to as core inflation, is expected to stand at +2.5% in March 2026. Energy prices are expected to be up 7.2% on the same month of the previous year. This is the first increase in energy prices since December 2023.

HICP

• Y/Y: 2.8% (prev. 2.0%)
• M/A 1.2% (prev. 0.4%)