BERLIN—German producer prices maintained their record-breaking rise in February, increasing 25.9 percent year on year mainly because of energy prices, Federal Statistics Office data showed on Monday.
The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said.
The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January’s figures of 24.2 percent and 25 percent respectively.
The average expectation among analysts polled by Reuters was for an annual increase of 26.2 percent.
February’s producer prices did not take into account the effects of Russia’s attack on Ukraine.
Producer prices also registered a jump of 1.4 percent from the previous month.
Energy prices were up 68 percent from February 2021, the statistics office said. Stripping out energy prices, producer prices rose 12.4 percent year on year.
