German producer prices jump 3 percent in July
German producer prices rose at their fastest pace in over three years in July, driven by higher costs for intermediate goods and energy. The 3 percent year-on-year increase outpaced analyst forecasts and adds to renewed inflationary pressure in Europe's largest economy.
Germany producer prices rose 3.0% year-on-year in July, hitting the fastest pace in over three years. The jump outpaced the 2.7% increase expected by economists. This sharp acceleration signals renewed inflationary pressure in Europe's largest economy.
