German fuel prices push inflation above 3% for first time in three years

Record-high diesel and gasoline prices are driving German inflation above the 3% threshold for the first time since 2023, according to economists cited by Die Presse. The development signals a renewed inflationary pressure in the eurozone's largest economy, likely complicating ECB policy normalization. Uncertainty remains over the persistence of fuel price spikes and their pass-through to core inflation.