Germany PPI rose 1.4% mom, 25.9% yoy in February, below expectation of 1.7% mom, 26.1% yoy, comparing to January’s 2.2% mom, 25.0% yoy.
Destatis said, “the recent price development in the context of Russia’s attack on Ukraine are not yet included in the results… Mainly responsible for the increase of producer prices compared to February 2021 still was the price increase of energy.”
Energy prices as a whole rose 68.0% yoy. Price of intermediate goods rose 21.0% yoy. Prices of non-durable consumer goods rose 7.4% yoy. Prices of durable consumer goods rose 6.7% yoy. Capital goods prices rose 5.5% yoy.
