Germany's producer prices up 0.8% yearly in December

By Mucahithan Avcioglu

ISTANBUL (AA) - Producer prices in Germany continued to rise in December with a 0.8% increase on a yearly basis, the country's federal statistics bureau Destatis said on Monday.

The annual rise in December accelerated the 0.1% increase in the previous month.

Higher capital goods prices were the main reason for the annual increase in producer prices.

Capital goods prices in December rose 1.8% compared to the same month last year.

Energy prices decreased 0.2% annually in December, as lower prices for natural gas distribution had the biggest influence on the year-on-year rate of change for energy.

Meanwhile, producer prices fell 0.1% on a monthly basis in December.