FOREX TradingCharts.com

Financial News: Germany PPI Inflation Eases Unexpectedly In June

Germany PPI Inflation Eases Unexpectedly In June

07/20/2022 - 03:48:00 (RTTNews)

(RTTNews) - Germany's producer price inflation eased unexpectedly in June from a record high in May, though marginally, data from Destatis showed on Wednesday.

Producer prices grew 32.7 percent year-over-year in June, following a 33.6 percent surge in May. Economists had forecast inflation to rise to 33.9 percent.

The overall strong producer price inflation in June was primarily driven by an 86.1 percent jump in energy prices amid soaring natural gas costs.

Excluding energy, producer prices were 15.5 percent higher in June compared to last year.

Among other components of the producer price index, prices of intermediate goods increased by 22.3 percent.

In June, consumer goods prices rose 14.7 percent from a year earlier, and durable goods prices rose 10.5 percent.

Prices for capital goods climbed 7.4 percent, the highest year-on-year change since September 1975.

On a monthly basis, producer prices increased at a slower rate of 0.6 percent in June, after a 1.6 percent gain in the previous month. The expected rise was 1.3 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Norway Central Bank Hikes Policy Rate By 50 Bps, Hints At September Raise (02 hr(s), 34 min(s), 09 sec(s) ago)
(RTTNews) - The Norwegian central bank raised its benchmark interest rate further by 50 basis poin ...Full Story»

Philippine Central Bank Raises Key Interest Rate Further (02 hr(s), 40 min(s), 09 sec(s) ago)
(RTTNews) - The Philippines' central bank on Thursday raised its key interest rate again by 50 ...Full Story»

U.S. Leading Economic Index Declines For Fifth Straight Month In July (02 hr(s), 58 min(s), 09 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed a continued decrease by i ...Full Story»

U.S. Existing Home Sales Extend Nosedive To New Two-Year Low In July (03 hr(s), 12 min(s), 09 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. showed another significant decrease in the month of Ju ...Full Story»

Mainland Norway Q2 GDP Expands As Expected (03 hr(s), 11 min(s), 09 sec(s) ago)
(RTTNews) - Mainland Norway's economy expanded in the second quarter after contracting in the ...Full Story»

Philly Fed Index Unexpectedly Indicates Return To Growth In August (03 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - After reporting contractions in Philadelphia-area manufacturing activity in the two pr ...Full Story»

U.S. Jobless Claims Unexpectedly Edge Down To 250,000 (03 hr(s), 55 min(s), 09 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday unexpectedly showed a modest pul ...Full Story»

Philly Fed Index Unexpectedly Returns To Positive Territory In August (05 hr(s), 0 min(s),09 sec(s) ago)
(RTTNews) - After reporting contractions in Philadelphia-area manufacturing activity in the two pr ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Norway Central Bank Hikes Policy Rate By 50 Bps, Hints At September Raise

08/18/2022 - 11:09 AM (RTTNews)
(RTTNews) - The Norwegian central bank raised its benchmark interest rate further by 50 basis poin ...Full Story>>

Philippine Central Bank Raises Key Interest Rate Further

08/18/2022 - 11:03 AM (RTTNews)
(RTTNews) - The Philippines' central bank on Thursday raised its key interest rate again by 50 ...Full Story>>

U.S. Leading Economic Index Declines For Fifth Straight Month In July

08/18/2022 - 10:45 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed a continued decrease by i ...Full Story>>

Mainland Norway Q2 GDP Expands As Expected

08/18/2022 - 10:32 AM (RTTNews)
(RTTNews) - Mainland Norway's economy expanded in the second quarter after contracting in the ...Full Story>>

U.S. Existing Home Sales Extend Nosedive To New Two-Year Low In July

08/18/2022 - 10:31 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. showed another significant decrease in the month of Ju ...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.