Germany August producer prices +7.9% vs +1.6% m/m expected

• Prior +5.3%
• Producer prices +45.8% vs +37.1% y/y expected
• Prior +37.2%

Yowza. That's a massive beat on estimates (and highest monthly jump on record) as German producer prices surged in August after the strong increase in July. Once again, the increase in energy prices (+20.4%) was the main contributor but prices also rose significantly for intermediate goods (+17.5%) and capital goods (+7.8%) as well as for durable and non-durable consumer goods (10.9% and 16.9%, respectively). This is not a good sign that inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures are going to ease any time soon in Europe's largest economy.