25.9% Largest spike in energy prices since 1949

CREDIT: REUTERS/WOLFGANG RATTAY

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • German producer prices jump by record 25.9%
  • The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said.
  • February’s producer prices did not take into account the effects of Russia’s attack on Ukraine.
  • Energy prices were up 68% from February 2021, the statistics office said. Stripping out energy prices, producer prices rose 12.4% year on year.

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