Producer Prices of Services Up By An Annual Average of 8.0% In 2021 On 2020

22 March 2022

The producer prices of services in Germany were up 8% in 2021 compared with 2020. The prices increase was thus much greater than in the previous year (2020 on 2019: +1.9%). The Federal Statistical Office (Destatis) also reports that the producer prices of services rose strongly in the 4th quarter of 2021 (+10.5%) on the 4th quarter of 2020. There was a marked increase of +1.4% also compared with the 3rd quarter of 2021.

Source:  Destatis
Post by: Republic of Turkiye Ministry of Trade