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Germany Producer Prices Fall 6.0% On Cheaper Energy Costs

Por: RTTNews Business August 21, 2023

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Germany's producer prices declined for the first time in more than two-and-a-half years in July amid a slump in energy costs, preliminary data from Destatis showed on Monday.The producer price index, or PPI, fell 6.0 percent year-over-year in July, reversing a 0.1 percent rise in the previous month. Economists had expected prices to drop by 5.1 percent.Further, this was the first decline since November 2020.The main reason for the decline... + full article



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