German and Spanish Inflation Hits Multiyear Highs Amid Rising Energy Prices

German and Spanish inflation reached multiyear highs in April 2026, driven by rising energy prices due to tensions in the Middle East. Germany's inflation rose to 2.9%, while Spain's climbed to 3.5%, both the highest since 2024. Energy prices in Germany increased by 10.1% year-over-year, the largest jump since 2023.

By Don Nico Forbes and Ed Frankl Wed, April 29, 2026 at 3:50 PM GMT+3 3 min read · Yahoo Finance · April 29, 2026, 12:50 UTC

Topics: energy prices Germany inflation Middle East tensions Spain

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