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German Wholesale Prices Fall Most Since 2016

Germany's wholesale price inflation fell the most in three-and-a-half years in November, figures from the Federal Statistical Office showed on Friday.

The wholesale price index declined 2.5 percent year-on-year, which was the strongest fall since May 2016, when it decreased 2.8 percent.

Wholesale prices dropped 1.9 percent in September and 2.3 percent in October.

In November, substantial price declines in the wholesale of scrap and residual materials, cereals, raw tobacco, seeds and animal feed, as well as in computing, peripherals and software influenced the total outcome.

On a month-on-month basis, producer prices decreased 0.1 percent in November.

The biggest impact came from the 15.7 percent monthly decline in wholesale prices for petroleum products.

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