FOREX TradingCharts.com

Financial News: Germany Producer Price Inflation Fastest Since 1974

Germany Producer Price Inflation Fastest Since 1974

09/20/2021 - 02:26:00 (RTTNews)

(RTTNews) - Germany's producer prices increased in August at the fastest pace since 1974, data from Destatis revealed on Monday. Producer price inflation rose to 12 percent in August from 10.4 percent in July. This was the biggest growth since December 1974, when prices were up 12.4 percent amid the first oil crisis.

On a monthly basis, producer prices advanced 1.5 percent, but slower than the 1.9 percent increase seen in July.

Excluding energy, producer prices grew 8.3 percent. The annual growth was largely driven by the 24 percent increase in energy prices. Intermediate goods prices climbed 17.1 percent.

At the same time, prices of durable consumer goods gained 2.8 percent and that of capital goods by 2.4 percent. Non-durable consumer goods prices were up 2.1 percent.

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


Czech Producer Prices Rise In September (03 hr(s), 22 min(s), 04 sec(s) ago)
(RTTNews) - Czech's producer prices increased in September, figures from the Czech Statistical ...Full Story»

China GDP Climbs 4.9% On Year In Q3 (49 min(s), 56 sec(s) ago)
(RTTNews) - China's gross domestic product expanded 4.9 percent on year in the third quarter o ...Full Story»

Singapore Non-Oil Domestic Exports Rise Just 1.2% In September (47 min(s), 56 sec(s) ago)
(RTTNews) - The total value of Singapore's non-oil domestic exports was up a seasonally adjust ...Full Story»

New Zealand Service Index Improves To 46.9 In September - BusinessNZ (34 min(s), 56 sec(s) ago)
(RTTNews) - The service sector in New Zealand continued to contract in September, albeit at a much ...Full Story»

China GDP Data On Tap For Monday (04 min(s), 56 sec(s) ago)
(RTTNews) - China is scheduled to release a raft of data on Monday, highlighting a busy day for As ...Full Story»

New Zealand Consumer Prices Jump 4.9% On Year In Q3 (56 min(s), 56 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 4.9 percent on year in the third quarter of 202 ...Full Story»

Finland GDP Growth Slows In August (52 min(s), 56 sec(s) ago)
(RTTNews) - Finland's economic output growth eased in August, data from Statistics Finland sho ...Full Story»

U.S. Business Inventories Increase In Line With Estimates In August (52 min(s), 56 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed U.S. business inventorie ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Czech Producer Prices Rise In September

10/18/2021 - 04:33 AM (RTTNews)
(RTTNews) - Czech's producer prices increased in September, figures from the Czech Statistical ...Full Story>>

China GDP Climbs 4.9% On Year In Q3

10/17/2021 - 22:45 PM (RTTNews)
(RTTNews) - China's gross domestic product expanded 4.9 percent on year in the third quarter o ...Full Story>>

Singapore Non-Oil Domestic Exports Rise Just 1.2% In September

10/17/2021 - 20:43 PM (RTTNews)
(RTTNews) - The total value of Singapore's non-oil domestic exports was up a seasonally adjust ...Full Story>>

New Zealand Service Index Improves To 46.9 In September - BusinessNZ

10/17/2021 - 18:30 PM (RTTNews)
(RTTNews) - The service sector in New Zealand continued to contract in September, albeit at a much ...Full Story>>

China GDP Data On Tap For Monday

10/17/2021 - 18:00 PM (RTTNews)
(RTTNews) - China is scheduled to release a raft of data on Monday, highlighting a busy day for As ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.