Germany's producer prices see record level in March

ISTANBUL

In March 2022, the index of producer prices for industrial products soared by 30.9% year-on-year in March, the historical high level.

According to official figures on Wednesday from Destatis, the index also rose by 4.9% on a monthly basis.

In February and January, the annual increases were 25.9% and 25%, it recalled.

"These results should already contain first implications deriving from Russia’s attack on Ukraine," it added.