German producer prices rise most since December 2011 in February
(ShareCast News) - German producer prices rose at their highest annual rate since December 2011 in February, according to data released by Destatis.
Producer prices were up 0.2% from January, in line with expectations, and 3.1% on the year, beating expectations of a 2.9% rise.
Energy prices had the biggest impact, rising 5.4%. Prices of petroleum products increased 22.7%, while prices of natural gas fell 7.5%.
Prices of intermediate goods rose 3.3% and prices of non-durable consumer goods were up 2.3%.
Meanwhile, prices of durable consumer goods increased 1.1% and prices of capital goods 0.9%.
The overall index excluding energy rose 2.2% compared with February 2016 and 0.3% compared with January 2017.