Producer prices in Germany rose 0.4pc in February from January and were up 1.9pc from February last year, the Federal Statistics Office said. The producer price index - an indication of pipeline inflation - rose to 106.4 in February from 106.0 in January and from 104.4 February last year (1995 equals 100), the office said in a statement. The Statistics Office said the 1.9pc growth in February was the first such year-on-year increase since September 2001 and was mainly attributed to higher oil prices. Excluding oil, prices were only 0.8pc higher than February last year. //www.fxcentre.com