In Germany, producer prices in January rose by 2.6% compared with the same period a year earlier, the Federal Statistical Office reported. Compared with the December price increase of 2.7%, inflation slowed in February. The forecast of experts assumed that inflation in the first month of the year would be at the level of 2.2%. Producer prices in January grew at the slowest pace since July 2018. Rising energy prices amounted to 7.2%, prices for durable goods and capital goods showed an increase of 1.6%. The indicator, which does not take into account the price of energy carriers, grew by 1.2%. In monthly terms, producer price growth was 0.6%.
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