Forex News: 11.04.2007 Wholesale price index in Germany was up to expectations in March
The wholesale price index in Germany, largest economy in Europe, rose in March by 0.5% on month and by 3.1 on year, the Federal Statistical Office reported today.The data was up to analysts’ expectations. In February wholesale prices rose in Germany by 0.4% on month and by 3.0% on year.
The economists say it is difficult to predict wholesale price inflation due to high weighting of food in the index and seasonal fluctuations. Hence, though the index reflects inflation fastening in March, it may only produce week influence upon the market.
posted by Kalin Tasev @ 1:34 AM
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