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German Producer Prices Continue To Fall

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

Germany's producer prices continued to fall in December, driven by a sharp decrease in energy prices, data from Destatis showed on Tuesday.

Producer prices decreased 2.5 percent year-on-year in December, sharper than the 2.3 percent decline seen in November. Prices were expected to drop 2.4 percent. Prices have been falling since March.

Energy prices registered a notable 9.7 percent fall in December. Excluding energy, producer prices rose 0.9 percent compared to the previous year.

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