Business News Asia
As reported today by the German Federal Statistical Office (Destatis), the producer price index (PPI) in Germany increased by 25.9% year-on-year in February. This follows increases of 25% in January and 24.2% in December 2021, mainly due to an increase in energy prices. This is the highest increase since 1949.
On a monthly basis, the PPI rose by 1.4% in February.
The February PPI was not affected by the Russian invasion of Ukraine.
Energy prices increased 68% year-over-year from February 2021, while PPI excluding energy prices increased 12.4% year-over-year.