Germany July PPI +5.3% vs +0.6% m/m expected

  • Prior +0.6%
  • PPI +37.2% vs +32.0% y/y expected
  • Prior +32.7%

I had to triple check the figure to make sure it was right but yes, German producer prices surged last month by over 5% as prices rose significantly for intermediate goods (+19.1%) and capital goods (+8.0%) as well as for durable and non-durable consumer goods (+10.9% and +16.2%, respectively). The sharp rise in electricity prices has also contributed to energy prices (+14.7%) more than doubling.

James Rogers

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