German Producer Prices in August Posted Highest Increase on Record

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By Maria Martinez

 Germany's manufacturer costs rose strongly in August from a 12 months previous, pushed by means of upper power costs, posting the largest build up ever recorded, the German statistics place of work Destatis stated.

Producer costs rose 45.8% on 12 months final month, Destatis stated Tuesday. This adopted a 37.2% build up in July and a 32.7% upward push in June.

Compared with the previous month, the manufacturer worth index rose 7.9% in August, additionally the largest month-on-month build up ever recorded.

Energy costs rose 139.0% from a 12 months previous, Destatis stated. Strong features in the cost of electrical energy, up 174.9% on 12 months, have been the key issue at the back of the rise, it stated.

The PPI with the exception of power rose 14.0% on 12 months, in keeping with Destatis.

Prices of intermediate items greater 17.5% from a 12 months previous. Significant worth will increase have been recorded by means of metals, which have been 19.9% up on August, Destatis stated.

Prices of nondurable client items greater by means of 16.9% on 12 months, costs of sturdy client items rose 10.9% and capital-goods costs greater by means of 7.8%, Destatis's information confirmed.

Write to Maria Martinez at maria.martinez@wsj.com

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