German Producer Prices Soar As Bundesbank, BDI (Bundesverband der Deutschen Industrie) Warn On Economy22 February 2022
German producer prices rose in January at their fastest rate since modern records began, soaring 25% and extending a run of sharp increases likely to keep businesses under financial stress and consumer inflation high.
Analysts polled by Reuters had expected a repeat of December's figure of 24.2%. Sharp increases of 18.4% and 19.2% were logged in October and November, respectively.
Post by: Republic of Turkiye Ministry of Trade