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Economy in Brief

German PPI ex Energy Pressures are Back
by Robert Brusca September 19, 2007

Year-over-year German inflation is lower. But over six months and six months pressures are back in August. The small seeming 0.4% rise in August is enough to boost the three-month growth rate and the six-month rate. Currently, the configuration is showing classical inflation acceleration as the 3-month inflation pace exceeds the six- month pace which in turn exceeds the Yr/Yr pace. June had seemed to bring inflation trends to a head in Germany, then in July pressures backed off. Now in August they seem to be back.

Germany PPI
  %m/m  
Aug-07 Jul-07 Jun-07 3-mo SAAR 6-mo SAAR 12-mo 12-moY-Ago
MFG 0.2% -0.1% 0.3% 1.4% 1.9% 1.0% 5.9%
Ex Energy 0.4% 0.1% 0.4% 3.3% 2.9% 2.7% 3.0%
7COLSPAN
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