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- Germany June output price inflation rises as expected
Germany June output price inflation rises as expected
Germany's producer price inflation accelerated in June, and the figure matched economists' expectations, latest data showed Friday.
The producer price index increased 0.6 percent on an annual basis in June, following a 0.2 percent gain in May, the Federal Statistical Office said. The growth rate for June was in line with economists' forecast.
Driving the overall growth, prices of non-durable consumer goods increased by 2.6 percent annually, and capital goods prices moved up 0.8 percent. Costs of durable consumer goods and energy products were higher by 0.9 percent and 0.7 percent respectively than in June 2012.
On a monthly basis, producer prices stayed unchanged in June, after recording a 0.3 percent decrease in the previous month. The index was forecast to drop 0.1 percent month-on-month.
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