Skyrocketing energy costs have been the major driving force, according to Destatis Germany's producer prices rose sharply in August from a year earlier, driven by higher energy costs, and posted the biggest increase ever recorded, the Federal Statistical Office (Destatis) reported on Tuesday. Data shows that prices were up 7.9% in August, well above analysts’ expectations. They soared 45.8% from a year earlier. That followed a 37.2% jump in July and a 32.7% rise in June. According to Destatis, energy prices surged 139.0% over the last 12 months. The price of electricity was up 174.9% year-on-year. The producer pri
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