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German Producer Prices Plunge 12.6%, Most On Record

Por: RTTNews Business September 20, 2023

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Germany's producer prices declined at a record pace in August mainly due to the base effect caused by the very high price level of the previous year, preliminary data from Destatis showed on Wednesday.The producer price index, or PPI, fell 12.6 percent year-over-year in August, much faster than the 6.0 percent decline in the prior month, which was the first decline since November 2020.That was in line with economists' expectations.... + full article



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