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German producer prices rise 2.1% YOY in January

Germany's producer prices rose 2.1% year on year in January, down from the revised 2.3% increase noted in December 2017, according to the Federal Statistical Office.

When compared with the preceding month, the overall index rose by 0.5% in January, up from a 0.2% increase in December 2017.

In January 2018, the price indexes of all main industrial groups rose year over year, including a 2.2% rise in energy prices and a 3.1% jump in prices for intermediate goods. Excluding the impact of energy, German producer price index for January was up 2.1% year on year and 0.6% on a monthly basis.