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GERMANY DEC PPI +5.0% M/M, +24.2% Y/Y, NOV +19.2% Y/Y

  • German factory gate inflation came in far above market expectations, hitting +24.2% y/y, up five points from 19.2% y/y in November.
  • On the month PPI grew +5.0%, far outpacing a forecasted +0.8%.
  • This is the highest reading since the begin of the data set in 1949.
  • Surging energy costs remain the key inflationary pressure.
  • December's core PPI remained elevated at 10.4% y/y due to high input goods inflation.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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