BERLIN—German producer prices rose in January at their fastest rate since modern records began, soaring 25 percent and extending a run of sharp increases likely to keep businesses under financial stress and consumer inflation high.
Monday’s Federal Statistics Office showed most of the rise was due to spiralling energy costs, which the BDI industry association said were threatening to hamper an economy that the country’s central bank said was probably shrinking due to increased coronavirus-induced worker absences.
