The declining trend in German producer prices deepened in November amid cheaper energy costs, data from Destatis showed on Friday.
Producer prices for industrial products dropped 2.3 percent year-on-year in November, faster than the 1.8 percent fall in the prior month. Economists had expected a fall of 2.2 percent.
Moreover, this was the quickest decline since April 2024, when prices decreased 3.3 percent.
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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.