excalibur
Diamond Member
- Mar 19, 2015
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But what about all their "green" energy? Can't they just make more sunshine, just make the wind faster?
German producer prices rose in January at their fastest rate since modern records began, soaring 25% as energy costs spiraled and extending a run of sharp increases expected to keep consumer inflation at around 5% for several months more.
The jump in PPI, considered a leading indicator for consumer prices, was the biggest since 1949, when West and East Germany were founded and the country’s post-war economic data series began.
Analysts polled by Reuters had expected the figure, published on Monday by the Federal Statistics Office, to remain at December’s 24.2%. Sharp increases of 18.4% and 19.2% respectively were logged in October and November, respectively.
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The jump in PPI, considered a leading indicator for consumer prices, was the biggest since 1949, when West and East Germany were founded and the country’s post-war economic data series began.
Analysts polled by Reuters had expected the figure, published on Monday by the Federal Statistics Office, to remain at December’s 24.2%. Sharp increases of 18.4% and 19.2% respectively were logged in October and November, respectively.
...
German producer price inflation hits record high as energy costs spiral
BERLIN — German producer prices rose in January at their fastest rate since modern records began, soaring 25% as energy costs spiraled and extending a run of sharp …
nationalpost.com