Price inflation of German producer peaked for 1.5 years

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In November, producer prices in Germany rose from the previous month by 3.3%, the fastest rates since April 2017, finversia.ru writes, referring to the data of the Federal Statistical Office. The inflation rate in November exceeded the forecasts of experts who had expected prices to rise by 3.1%. Rising prices were recorded for most categories of goods. Energy prices went up by 8.9%, petroleum products - by 19%. Rising prices for semi-finished products amounted to 2.4%, for durable goods - 1.8%. Durable goods prices showed a smaller increase - by 0.4%. Relative to October, producer prices increased by 0.1%, slowing growth compared with an increase of 0.3% in October.

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