Producer prices in Germany grew by 0.7% in February, the country's statistical office Destatis revealed in a report on Thursday. The index declined 0.2% month-over-month.
In the reported month, the annual increase in producer prices was primarily driven by higher costs for non-durable consumer goods, which rose 3% year-over-year. Food prices saw a notable increase of 3.5% in January, while durable consumer goods prices climbed by 1.2%. Additionally, capital goods prices registered a 2% increase compared to February 2024.
Meanwhile, energy prices declined by 0.8% year-over-year and decreased by 1% compared to January.
