Producer price inflation in Germany eased in June to its lowest level since May 2010, the Federal Statistical Office said Friday.
The producer price index rose 1.6 percent year-on-year in June from 2.1 percent in May. This was the lowest rate of inflation since May 2010, when it stood at 0.9 percent.
Economists expected an increase of 1.8 percent in the producer price index. Month-on-month, the index fell 0.4 percent compared to 0.2 percent decline forecast.
Excluding energy, the index increased 1 year-on-year in June. Compared with May, the producer price index, excluding energy, fell 0.1 percent.
by RTT Staff Writer
For comments and feedback: email@example.com