Germany's Federal Statistical Office announced that the Producer Price Index (PPI) for March fell 0.2% YoY, while rising 2.5% MoM, marking the largest monthly increase since August 2022.The change in March PPI mainly reflected movements in energy prices. The Middle East conflict led to a significant YoY increase in petroleum product prices, with almost all energy product prices surging sharply MoM. However, natural gas and electricity prices were lower than the same period last year, and overall energy prices remained below the level recorded in March last year. (mn/u)
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