FOREX TradingCharts.com

Financial News: German Producer Price Inflation Highest Since 1951

German Producer Price Inflation Highest Since 1951

12/17/2021 - 02:50:00 (RTTNews)

(RTTNews) - Germany's producer prices rose at the fastest pace in seven decades in November, mainly driven by higher energy prices, preliminary data from Destatis showed Friday. The producer price index rose 19.2 percent year-on-year after an 18.4 percent increase in October. Economists had forecast 19.9 percent producer price inflation. The latest increase in producer prices was the biggest since November 1951, when they surged 20.6 percent, Destatis said. Energy prices jumped 49.4 percent from a year ago, mainly led by an 83.4 percent surge in natural gas distribution costs and a 48 percent climb in electricity prices. Excluding energy, producer price inflation was 9.9 percent in November versus 9.2 percent in October. Prices of intermediate goods increased 19.1 percent annually, mainly due to higher prices of metal. Producer prices of non-durable consumer goods rose 3.7 percent and those of durable consumer goods increased 3.7 percent.

Capital goods prices climbed 3.6 percent from a year ago. Compared to the previous month, producer prices increased 0.8 percent in November, which was slower than the 1.4 percent rise economists had predicted.

In October, prices rose 3.8 percent. The latest increase was the weakest in seven months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Govt Borrowings Stay Below OBR Forecast (02 hr(s), 0 min(s),10 sec(s) ago)
(RTTNews) - The UK government borrowing remained below the forecast of the Office for Budget Respo ...Full Story»

Hungary Average Gross Wages Increase In November (03 hr(s), 24 min(s), 10 sec(s) ago)
(RTTNews) - Hungary's average gross earning growth accelerated in November, figures from the H ...Full Story»

Turkish Manufacturing Capacity Utilization Declines In January (03 hr(s), 25 min(s), 10 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in January, figures fro ...Full Story»

UK Manufacturers Expect Order Growth To Slow: CBI (03 hr(s), 36 min(s), 10 sec(s) ago)
(RTTNews) - The UK manufacturers expect total new order growth to slow in coming three months, ref ...Full Story»

Spain Producer Price Inflation At Record High (03 hr(s), 56 min(s), 10 sec(s) ago)
(RTTNews) - Spain's producer price inflation accelerated for an eleventh month in December to ...Full Story»

Lithuania Industrial Production Rises In December (04 hr(s), 15 min(s), 10 sec(s) ago)
(RTTNews) - Lithuania's industrial production increased in December, figures from Statistics L ...Full Story»

Germany Ifo Business Confidence Strengthens In January (04 hr(s), 41 min(s), 10 sec(s) ago)
(RTTNews) - German business confidence improved at the start of the year as companies expect the d ...Full Story»

Finland Jobless Rate Falls In December (06 hr(s), 16 min(s), 10 sec(s) ago)
(RTTNews) - Finland's jobless rate declined in December, figures from Statistics Finland showe ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Govt Borrowings Stay Below OBR Forecast

01/25/2022 - 08:06 AM (RTTNews)
(RTTNews) - The UK government borrowing remained below the forecast of the Office for Budget Respo ...Full Story>>

Hungary Average Gross Wages Increase In November

01/25/2022 - 06:42 AM (RTTNews)
(RTTNews) - Hungary's average gross earning growth accelerated in November, figures from the H ...Full Story>>

Turkish Manufacturing Capacity Utilization Declines In January

01/25/2022 - 06:41 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in January, figures fro ...Full Story>>

UK Manufacturers Expect Order Growth To Slow: CBI

01/25/2022 - 06:30 AM (RTTNews)
(RTTNews) - The UK manufacturers expect total new order growth to slow in coming three months, ref ...Full Story>>

Spain Producer Price Inflation At Record High

01/25/2022 - 06:10 AM (RTTNews)
(RTTNews) - Spain's producer price inflation accelerated for an eleventh month in December to ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.