Germany's producer prices continued to decline in September albeit at a slower pace, Destatis said Monday.
Producer prices decreased 1.7 percent year-on-year in September, following a 2.2 percent drop in August. Prices have been falling since March.
Lower energy prices continued to be the main reason for the annual decline in prices. Energy prices dropped 7.3 percent due to lower natural gas cost. Excluding energy, producer prices were up 0.9 percent from the last year but remained flat compared to August.
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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.