BERLIN—German inflation hit its highest level in more than four decades in April, pushed higher by natural gas and mineral oil products that have significantly increased in price since Russia’s attack on Ukraine.
Consumer prices, harmonized to make them comparable with inflation data from other European Union countries (HICP), rose an annual 7.8 percent, a rise from March’s 7.6 percent, the Federal Statistics Office said on Thursday.
The inflation reading from Germany, the biggest eurozone economy, precedes data on Friday for the whole 19-country bloc. Eurozone inflation hit a record high in March.
A Reuters poll of analysts had pointed to an overall annual German HICP reading of 7.6 percent in April.
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