Germany's July Producer Prices Rise 3.0% YoY, Highest in Over Three Years

English summary

According to Germany's Federal Statistical Office, producer prices rose 3.0% year-on-year in July, above the expected 2.7%, and 1.1% month-on-month, the biggest jump since April 2023, driven by intermediate goods and energy costs. It signals rekindled inflation pressures, with markets eyeing ECB policy.