German economy stalls as inflation hits highest since late 2023: Bundesbank

The Bundesbank reports that the German economy has stalled, with inflation reaching its highest level since late 2023, driven by high energy prices that are eroding household purchasing power. The central bank expects inflation to remain elevated, signaling persistent cost pressures. This development indicates a stagflationary risk for the eurozone's largest economy, which could weigh on growth and complicate ECB policy.