Germany March PPI +4.9% vs +2.6% m/m expected

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Germany March PPI +4.9% vs +2.6% m/m expected

Prior +1.4%PPI +30.9% vs +28.2% y/y expectedPrior +25.9%That's a striking jump in producer prices as we are seeing the impact from the -e conflict seep in. The over 30% increase in annual producer prices is the largest on record. The main jump comes from energy prices, which were seen up 83.8% y/y in March as compared to 10.4% y/y in February. But across the board, price increases were also seen in intermediate goods, non-durable consumer goods, durable consumer goods, and also capital goods. Up, up, and away...

Source: Germany March PPI +4.9% vs +2.6% m/m expected

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