German producer prices rise 4.6% in August
German producer prices rose more than expected by 4.6 percent on the year in August. The federal statistics office reported the data on Friday surpassing analyst forecasts.
Germany producer prices rose 4.6% on the year in August, exceeding market forecasts. The increase outpaced the 4.1% rise anticipated by economists in a Reuters poll. The acceleration points to persistent cost pressures in Europe's largest economy.
