Posted on 09/21/2022 8:43:12 AM PDT by george76
Surge beats analyst expectations..
Electricity producer prices up 174.9% on the year..
Excluding energy, August up only 14% year-on-year
...
German producer prices rose in August at their strongest rate since records began both in annual and monthly terms, driven mainly by soaring energy prices, raising the chances that headline inflation will surge even higher.
Producer prices of industrial products increased by 45.8% on the same month last year, the Federal Statistical Office reported on Tuesday. Compared to July 2022, prices rose 7.9%, it added..
...
The surge was considerably stronger than expected, with analysts having forecast a 37.1% year-on-year rise and a 1.6% monthly rise, according to a Reuters poll.
In July, the year-on-year increase had been 37.2% and in June 32.7%.
Energy prices in August on average were over double the same period last year, up 139%, and 20.4% higher than the previous month
...
surging costs are seen in not only oil and gas but also electricity
...
Producer prices for electricity rose 174.9% compared with August 2021 and by 26.4% compared with the previous month.
...
Producer prices for intermediate goods also rose significantly, up 17.5% on the year, driven mainly by a 19.9% surge in metals prices.
...
Commerzbank economist Ralph Solveen .. Consumer price inflation is likely to reach new record levels in the months ahead
(Excerpt) Read more at reuters.com ...
Unexpectedly rise.
Very rare side effect...
“Excluding energy”…because no one uses energy.
L
Unerwartet!
*Trinken Sie*
Surprise, surprise, surprise. Same folks that didn’t think Ford would have to adjust their forecast earnings? 😱
But, they have windmills!
How is this possible?
Lot of idiots surprised at obvious crap these days.
45% is hyperinflation. Weimar II.
“Excluding energy, August up only 14% year-on-year”
HA! ONLY 14%.....these people are so out of touch it’s like a farce.
I once saw a Horror movie.
It contained “jump scares”.
I was surprised.
I though the media said Europe would be fine this winter after all.
So I’m confused.
I kick myself for not bookmarking this about once a week.
Last Fall I saw a German PSA, probably 30s long, that was basically “How not to freeze to death in your unheated apartment”.
I don’t know if it was real or satire, but it looked real. In any case, I think it will be *very* real this Winter.
1923 is a pretty high bar.
This kind of inflation is obviously destabilizing. Coming soon to a country near you.
Time to up my investments in wheel barrows that can be used to fill with cash to be used to purchase milk and butter at german supermarkets
Yeah and inflation has peaked they say.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.