German Producer Prices Register Record 24.2 Percent Jump in December

German Producer Prices Register Record 24.2 Percent Jump in December
A technician works in the assembly line of German carmaker Volkswagen's electric ID. 3 car in Dresden, Germany, on June 8, 2021. Matthias Rietschel/Reuters
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BERLIN—German producer prices rose 24.2 percent year on the year in December, with the record annual jump driven by higher energy prices, official data showed on Thursday.

The jump from the previous December was the largest year-on-year increase for any month since the Federal Statistics Office began compiling the producer price numbers in 1949, the office said.