KONTAN.CO.ID - BERLIN. German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said. The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January's figures of 24.2% and 25% respectively.
German Producer Prices Jump by Record 25.9%
KONTAN.CO.ID - BERLIN. German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said. The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January's figures of 24.2% and 25% respectively.