As reported by Germany's Federal Statistical Office, the producer prices of industrial products in Germany rose by 1.6% YoY in August 2012 as compared to August 2011 prices and were up slightly by 0.5% MoM as compared to July 2012.

The office noted that in August 2012 energy was more expensive by around 3.2% YoY as compared with the same month of the previous year, and rose by 1.3% MoM. Without considering energy, producer prices were up by 0.9% YoY and rose slightly by 0.2% MoM.

In August 2012, prices of intermediate goods decreased slightly by 0.2% YoY, while rolled steel prices fell by 5.5% YoY.

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