Investing.com – Germany's producer price index rose more-than-expected in July, official data showed on Thursday.
In a report, the German Federal Statistics Office said that producer price inflation rose by a seasonally adjusted 0.5% in July, after increasing 0.6% in June.
Analysts had expected producer price inflation to rise by 0.2% in July.
The report said that producer price inflation rose by a seasonally adjusted 3.7% year-on-year.
Following the release of the data the euro was down against the U.S. dollar with EUR/USD shedding 0.20% to hit 1.2826.
In a report, the German Federal Statistics Office said that producer price inflation rose by a seasonally adjusted 0.5% in July, after increasing 0.6% in June.
Analysts had expected producer price inflation to rise by 0.2% in July.
The report said that producer price inflation rose by a seasonally adjusted 3.7% year-on-year.
Following the release of the data the euro was down against the U.S. dollar with EUR/USD shedding 0.20% to hit 1.2826.