Germany PPI Inflation Remains Stable As Expected
20 August 2018 - 12:37PM
RTTF2
Germany's producer price inflation held steady in July, in line
with expectations, figures from Destatis showed Friday.
Producer prices grew 3.0 percent year-on-year in July, the same
rate of increase as in June.
On a monthly basis, producer prices edged up 0.2 percent from
June, when it gained 0.3 percent. That was below the expected rise
of 0.4 percent.
Excluding energy, producer prices climbed 1.9 percent annually
and by 0.1 percent monthly in July.
Among components, energy prices grew the most by 6.5 percent
over the year and prices of intermediate goods went up by 3.2
percent.
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