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Keyword: surgingcosts

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  • German producer prices post surprise record jump in August

    09/21/2022 8:43:12 AM PDT · by george76 · 20 replies
    Reuters ^ | September 20, 2022 | Rachel More
    Surge beats analyst expectations.. Electricity producer prices up 174.9% on the year.. Excluding energy, August up only 14% year-on-year ... German producer prices rose in August at their strongest rate since records began both in annual and monthly terms, driven mainly by soaring energy prices, raising the chances that headline inflation will surge even higher. Producer prices of industrial products increased by 45.8% on the same month last year, the Federal Statistical Office reported on Tuesday. Compared to July 2022, prices rose 7.9%, it added.. ... The surge was considerably stronger than expected, with analysts having forecast a 37.1% year-on-year...