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Economy And The Numbers

Germany Producer Price Inflation At 13-Month Low On Easing Energy Prices

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's producer price inflation eased for the third straight month in December to reach its lowest level in just over a year amid a moderation in energy prices, data from Destatis showed on Friday.

The producer price index, or PPI, climbed 21.6 percent year-over-year in December, which was slower than the 28.2 percent surge in October. Economists had forecast the price growth to ease to 20.8 percent.

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