Germany

Producer prices continue to rise at record pace

Month-on-month, the prices producers receive for their products also increased more than expected.
IMAGO / Panthermedia
Month-on-month, the prices producers receive for their products also increased more than expected.

In Germany, price inflation at producer level remains at record levels. In September, producer prices rose by 45.8 percent year-on-year, according to the Federal Statistical Office in Wiesbaden. "Thus, the highest year-on-year increases in producer prices since the survey began in 1949 were measured in August and September," the release said.

Energy prices continue to be the strongest driver of inflation. In September, energy prices were 132.2 percent higher than in the same month a year ea

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