CAPTION: Germany's inflation hit record for third month in row. (icture alliance/dpa)
Germany's consumer price inflation accelerated to a record high in May, as initially estimated, driven by rising energy prices, final data from Destatis showed.
Consumer price inflation rose to 7.9% in May from 7.4% in April.
The rate came in line with the flash estimate published on May 30.
A higher inflation was last reported in winter 1973-74, when oil prices sharply increased, said Georg Thiel, president of Destatis.
"The inflation rate thus reached an all-time high for the third month in a row since German reunification," Thiel said.
The increase in energy prices had a substantial impact on the inflation rate. Delivery bottlenecks due to interruptions in supply chains also contributed.
Energy product prices surged 38.3% from the last year. Further, food prices rose by 11.1% for households in May. Prices of goods were up 13.6% and that of services climbed 2.9%.
Excluding energy prices, the inflation rate came in at 4.5% in May.
Month-on-month, overall consumer prices rose 0.9%, in line with preliminary estimate, after climbing 0.8% in April.
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