23.10.201803:41:00UTC+00German Producer Price Inflation Highest In A Year

Germany's producer prices rose the fastest pace in a year in September, figures from Destatis showed Tuesday.

Producer prices grew 3.2 percent year-on-year in September, after rising 3.1 percent in the previous month. Economists were looking for a 3.0 percent gain.

The inflation rate was the highest since September 2017, when prices advanced 3.2 percent.

On a month-on-month basis, producer prices climbed 0.5 percent after a 0.3 percent increase in August. The rate was forecast to remain unchanged at 0.3 percent.

Excluding energy, producer prices remained unchanged on month, while rising 1.6 percent annually.

Energy prices rose 8.5 percent year-on-year.