Industrial producer prices in Germany increased by 5.3% in July from the previous month and registered a year-on-year growth of 37.2%, which represents the largest increase in history, the Federal Statistical Office announced on Friday.
faces the “Largest increase in history” in industrial producer prices in Germanysays the official German body in a statement, adding that the year in which this indicator began to be published dates back to 1949.
In June, the industrial producer price index showed a year-on-year increase of 32.7%while in May the rise was 33.6%, he adds.
In monthly terms, the general index rose 5.3% in July this yearwhich is also the largest increase in history compared to the previous month.
The main reason for the increase in industrial production prices in July was the rise in energy prices.
In addition, prices also increased significantly in the case of intermediate goods (+19.1%) and of capital goods (+8.0%).
In the same line, durable and non-durable consumer goods appear, with increases of 10.9% and 16.2%, respectively.
Industrial output prices in Europe’s largest economy are rising as energy costs continue to rise due to the war in Ukraine.
Source: Observadora
