Middle East situation boosts energy prices, Germany's inflation rate rises to 2.7% in March.

Sina Finance reported on March 30th that preliminary data released by the Federal Statistical Office of Germany on the same day showed that due to the impact of rising energy prices caused by the Middle East situation, Germany's inflation rate in March surged to 2.7%, significantly higher than the level of around 2% that had been maintained for a long time previously, marking the highest level since January 2024. The data showed that in March, German energy prices rose by 7.2% year-on-year, marking the first increase since December 2023. The German central bank recently stated in its monthly report that the escalation of the Middle East situation has led to a general increase in energy prices, causing a significant burden on German businesses and residents, and is expected to drag down economic performance in the first half of this year. The report predicts that the inflation rate in Germany will significantly increase in the coming months. If the conflict continues, inflation levels may remain high for a longer period.