Market Commentary and Intraday News
German Output Price Inflation Rises In September
214 days ago
(RTTNews) - Germany's producer price inflation accelerated in September, while economists expected it to remain unchanged, data released by statistical office Destatis showed Friday.
The producer price index advanced at a faster rate of 1.7 percent year-on-year in September than August's 1.6 percent. Economists expected the rate of growth to remain unchanged.
Energy prices rose 3.1 percent annually during the month. Excluding energy, prices rose 1.1 percent year-on-year during the month.
Consumer goods prices were higher by 2.5 percent compared to last year, and food prices by 3.4 percent. Durable goods prices and capital goods prices rose 1.6 percent and 1 percent respectively from last year.
On a monthly basis, producer prices edged up 0.3 percent in September, after growing 0.5 percent in August. Economists were looking for a 0.3 percent gain In September.
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