German inflation rises to 2.9% in April amid Iran war

Inflation in Germany rose to 2.9% in April due to higher energy prices, with household energy and fuel costs increasing by 10.1% compared to a year ago. Energy prices have been soaring, leading to concerns that prices for food, restaurant meals, and services will continue to rise. The inflation rate for food accelerated to 1.2% in April, while services became 2.8% more expensive compared to the same month last year