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German producer prices rise most since December 2011

Staff Writer |
German producer prices rose at their highest annual rate since December 2011 in February, according to Destatis.

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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.