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German producer prices jump by record 25.9% year over year
Hat tip, some other board
March 21, 2022
3:48 AM EDT
Last Updated 14 hours ago
German producer prices jump by record 25.9%
Reuters
BERLIN, March 21 (Reuters) - German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. ... The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said.
The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January's figures of 24.2% and 25% respectively. ... The average expectation among analysts polled by Reuters was for an annual increase of 26.2%.
February's producer prices did not take into account the effects of Russia's attack on Ukraine. ... Producer prices also registered a jump of 1.4% from the previous month.
Energy prices were up 68% from February 2021, the statistics office said. Stripping out energy prices, producer prices rose 12.4% year on year.
____________________________
Reporting by Miranda Murray Editing by Zuzanna Szymanska and David Goodman
3:48 AM EDT
Last Updated 14 hours ago
German producer prices jump by record 25.9%
Reuters
BERLIN, March 21 (Reuters) - German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. ... The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said.
The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January's figures of 24.2% and 25% respectively. ... The average expectation among analysts polled by Reuters was for an annual increase of 26.2%.
February's producer prices did not take into account the effects of Russia's attack on Ukraine. ... Producer prices also registered a jump of 1.4% from the previous month.
Energy prices were up 68% from February 2021, the statistics office said. Stripping out energy prices, producer prices rose 12.4% year on year.
____________________________
Reporting by Miranda Murray Editing by Zuzanna Szymanska and David Goodman