German producer prices rose 24.2% 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. December’s figures marked the third consecutive month of very high numbers after October and November showed increases of 18.4% and 19.2% respectively. read more The average expectation among analysts polled by Reuters was an annual increase of 19.4%. Producer prices also registered a record jump of 5% month on month, against 0.8% in November. Energy prices were up 69% compared with December 2020, the Federal […]