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Business

German Producer Price Inflation Rises

Producer price inflation in Germany, which accelerated continually throughout the course of last year as a result of runaway energy and steel prices, picked up sharply again in February, the federal statistics office Destatis said Friday. The German producer price index (PPI), which measures the price of goods at the factory gate and is a key yardstick of pipeline inflation, rose by 0.4 percent in February from the figure for January and was 4.2 percent higher than it had been in February 2004, Destatis said in a statement. The 12-month rate of change was the fastest since June 2001, the statisticians said. In January, PPI had risen by 3.9 percent year-on-year.

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