German producer prices nudge up again in July as energy prices rise further

July producer prices +1.1% vs +0.7% m/m expected Prior -0.3% July producer prices +3.0% vs +2.7% y/y expected Prior +1.8% German producer prices continue to move up again in July but owes much to another jump in energy prices. Of note, energy prices rose by 3.4% in July compared to the month before with prices for petroleum products in particular seen 6.6% higher than in June. That contributed…