empty
 
 

2021.11.1907:07:00UTC+00Germany Producer Price Inflation Strongest Since 1951

Germany's producer prices rose at the fastest pace since 1951, data released by Destatis showed on Friday.

Producer prices increased 18.4 percent year-on-year in October, following a 14.2 percent rise in September. Prices were expected to gain 16.2 percent.

This was the highest growth since November 1951, when prices surged 20.6 percent.

On a monthly basis, producer prices gained 3.8 percent, following a 2.3 percent increase in the previous month. Economists had forecast a rise of 1.9 percent.

Data showed that energy prices advanced 48.2 percent annually and intermediate goods prices rose 18.1 percent. Excluding energy prices, producer prices grew 9.2 percent.

Among other components of PPI, prices of durable consumer goods and non-durable consumer goods advanced 3.4 percent and 3.0 percent, respectively. Capital goods prices rose 3.2 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback