In August 2022, the index of producer prices for industrial products increased by 45.8% compared with August 2021. As reported by the Federal Statistical Office this was the highest increase ever compared to the corresponding month of the preceding year. In July the increase had been +37.2% and in June +32.7%. Compared with the preceding month July 2022 the overall index rose by 7.9% in August 2022. This is also the highest increase ever compared to the previous month. Mainly responsible for the increase of producer prices compared to August 2021 still was the price increase of energy. Moreover, prices also rose ... (full story)