German Annual Producer Inflation Record High 37.2% in July with Natural Gas +163.8% and Electricity +125.4%
German producer prices surged in July over 5% as prices rose significantly for intermediate goods (+19.1%) and capital goods (+8.0%) as well as for durable and non-durable consumer goods (+10.9% and +16.2%, respectively). Inflation continues to run rampant throughout the world. Energy and food pricing pressures continue to elevate around the world. The effect is showing some variance by location. The sharp rise in electricity prices have been well documented [...]
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