JUST IN – Germany's producer price inflation surges by a staggering 7.9% to 45.8% in August — the highest increase since the survey began in 1949.
— Disclose.tv (@disclosetv) September 20, 2022
Another month, another bizarre record in German (producer) inflation 🤯 pic.twitter.com/GbwzsAdO0O
— AndreasStenoLarsen (@AndreasSteno) September 20, 2022
* German PPI 7.9% vs 1.6% Exp.
* German PPI Y/Y (AUG) 45.8% vs 37.1% Exp. (🔥🔥🔥 INFLATION!) pic.twitter.com/EfufgXR02U— Gordon Johnson (@GordonJohnson19) September 20, 2022
German PPI came in at 45.8% and ECB just increased interest rates to 0.75% saying they are fighting inflation…. ECB is losing control
h/t silvertomars