In February this year, the index of producer prices for industrial products in Germany increased by 3.1 percent compared to the same month of 2016 and was up 0.2 percent compared to January, according to the country's Federal Statistical Office (Destatis). In January, Germany's industrial producer prices had increased by 2.4 percent year on year.
In February, prices in the energy sector increased by 5.4 percent, while prices of non-durable consumer goods were up by 2.3 percent and prices of intermediate goods rose by 3.3 percent, all year on year. Meanwhile, in the month in question, the prices of capital goods and durable consumer goods rose by 0.9 percent and 1.1 percent respectively, both compared to February 2016.