Producer prices in Germany rose 0.9 percent in June from May and went up 6.7 percent from June last year, the Federal Statistics Office said.

Economists polled by Thomson Financial News had expected a 0.6 percent increase month-on-month and a rise of 6.5 percent year-on-year.

Germany’s producer price index stood at 127.1 in June from 126.0 in May and 119.1 in June last year.

Source: http://www.afxnews.com

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