Germany's producer prices decreased at a faster rate as expected in September, data from Destatis showed Monday.
Producer prices fell 1 percent year-over-year in September following the 0.8 percent decrease in August. This was in line with the consensus estimate.
Energy prices fell the most, by 3.8 percent. Prices of intermediate goods decreased by 0.3 percent in September.
Meanwhile, prices of commodities increased 1.3 percent. Prices of capital goods rose 0.6 percent while prices of consumer goods remained unchanged.
On a month-on-month basis, producer prices remained flat in September, as expected by the economists. This follows the 0.1 percent drop in August.
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