Germany's producer price inflation slowed for the third consecutive month in April, data released by the Federal Statistical Office revealed Tuesday.
Producer prices rose only 0.1 percent in April from a year ago, following a 0.4 percent increase in March. This was the lowest annual rate since March 2010. Economists had forecast an increase of 0.2 percent for April.
On a monthly basis, producer prices slipped by a more-than-expected 0.2 percent, the same rate of decrease as seen in March. It was forecast to fall 0.1 percent.
Excluding energy, producer prices gained 0.4 percent in April from the same period of last year.
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