German Producer Prices Jump By Record 25.9%

• German Producer Prices Jump By Record 25.9%
  by Reuters
  German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday.
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  BERLIN, March 21 (Reuters) – German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said.
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  The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January’s figures of 24.2% and 25% respectively. The average expectation among analysts polled by Reuters was for an annual increase of 26.2%.
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