Germany's wholesale prices declined for the second consecutive month in May on lower cost of gaseous fuels, Destatis reported Thursday.
Wholesale prices dropped unexpectedly by 0.1 percent from a year ago, after easing 0.4 percent in April. Economists had forecast a 0.2 percent rise for May.
Month-on-month, wholesale prices slipped 0.4 percent, following a 0.2 percent fall in April. The rate of decrease exceeded the consensus forecast for 0.2 percent drop.
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