Germany's producer prices declined for the fifth straight month in July amid cheaper energy prices, data from Destatis showed on Wednesday.
The producer price index dropped 1.5 percent year-on-year in July, faster than the 1.3 percent fall in June.
Energy prices alone logged an annual decline of 6.8 percent in July. Intermediate goods were also less expensive, down 0.9 percent from the previous year.
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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.