Germany's producer prices declined for the sixth straight month in August on falling energy prices, Destatis reported Friday.
Producer prices registered an annual fall of 2.2 percent after declining 1.5 percent in July. Prices have been falling since March. The decline was also sharper than the expected 1.8 percent fall.
Month-on-month, the decline in producer prices deepened to 0.5 percent from 0.1 percent in July.
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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.