Germany’s imported energy prices more than doubled in February
FRANKFURT — Germany’s imported energy costs jumped by 129.5 percent in February amid energy-market turmoil and tightening natural gas supply ahead of Russia’s attack on Ukraine, Germany’s statistics office said Tuesday.
Prices of domestically produced energy surged by 68 percent compared to the same month last year, while consumers had to pay 22.5 percent more for household energy and motor fuels than in February 2021, according to the Federal Statistical Office.
Surging energy prices are set to push up inflation further in the coming month. Inflation in Germany hit 5.1 percent in February. Preliminary data for March will be released Wednesday.
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