Germany’s producer prices rise at highest rate in 70 years
BERLIN — Germany’s producer prices of industrial products in November rose by 19.2 percent compared with the same month last year, the highest year-on-year increase since November 1951, the Federal Statistical Office (Destatis) said on Friday. Rising by 49.4 percent year-on-year, energy prices were “mainly responsible” for the high annual increase in producer prices, Destatis … Read more
