RSS   Newsletter   Contact   Advertise with us
Post Online Media
Economy in Germany   The producer price index climbed

Germany PPI climbs less than expected in March

Germany workersGermany's producer prices increased for the fifth consecutive month in March, though at a slower-than-expected pace, data from Destatis showed.

The producer price index climbed at a steady rate of 3.1% year-over-year in March, just below the 3.2% rise expected by economists.

READ MORE China GDP climbs 6.9% on year in Q2

Excluding energy, overall producer prices rose 2.6% annually in March and energy prices alone grew by 4.5%.

Prices of intermediate goods increased 3.9% and those of consumer goods gained by 2.7%.

On a monthly basis, consumer prices showed no variations in March, after a 0.2% rise in February.

Meanwhile, economists had expected the same 0.2% increase for the month. Energy prices registered a decline of 0.6%.




What to read next





More inside POST
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy