German Producer Prices Jump by Record 25.9 Percent

German Producer Prices Jump by Record 25.9 Percent
A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, on Jan. 28, 2019. Wolfgang Rattay/Reuters
Reuters
Updated:

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.