Producer prices of industrial products were up 15.8% on the same month last year, the Federal Statistical Office reported, compared with analysts' expectations for the rate of increase to ease to 14.5%.Apart from energy costs, which were up 27.6% year-on-year, producer prices also rose on the back of price increases for consumer goods, intermediate goods, consumer durables and capital goods, the office said.
The figures for February are preliminary and are expected to be revised, as they do not account for relief measures to help consumers and businesses with gas and electricity bills, which will be paid out in March and cover January and February retroactively.
Nobody can afford anything, but prices are still going up. We got shareholders to satisfy.
This fact is happening in almost all countries