German producer prices rise 0.8pc YOY
By Iain Gilbert
Date: Monday 20 Jan 2025
(Sharecast News) - German producer prices rose 0.8% year-on-year in December, according to Destatis, for a second consecutive annual increase.
During December, capital goods prices rose 1.8% year-on-year, while machinery costs increased 2%, non-durable consumer goods prices advanced 2.6% and durable consumer goods ticked up 1% year-on-year.
Intermediate goods were up just 0.1% and energy costs dopped 0.2% versus the same time a year earlier.
On a monthly basis, overall producer prices were down 0.1%.
Reporting by Iain Gilbert at Sharecast.com
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