Economic news

Review: German producer price rise

Federal statistical office of Germany said on Monday that producer prices rose 0.2% compared with January and increased 3.1% per year, that was the strongest indicator of the annual growth rate since December 2011.

The price of light fuel oil rose to 52.5% from February 2016, while prices for diesel fuel and electricity rose by 21.2% and 9.6%, respectively. Natural gas prices dropped 7.5% from February 2016.

Excluding energy prices, which can be volatile, producer prices rose 0.3% on the month and 2.2% per year.

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