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.
by RTT Staff Writer
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