Germany's producer price inflation accelerated in December, but at a slower than expected pace, data from Destatis showed Monday.
Prices for industrial products increased 1.5 percent from a year ago, following a 1.4 percent rise in November. The annual growth rate was forecast to climb to 1.7 percent.
Month-on-month, the index dropped 0.3 percent, larger than the 0.1 percent decrease logged in November and in contrast to a flat reading expected by economists.
In 2012, the index of producer prices for industrial products rose only 2.1 percent on an annual average from the preceding year. The rate of increase slowed sharply from 5.7 percent seen in 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.