See also
Germany's producer prices declined for the sixth straight month in December due to cheaper energy costs, Destatis reported Friday.
Producer prices dropped 8.6 percent year-over-year in December, faster than the 7.9 percent fall in November. Economists had expected a decline of 8.0 percent.
The overall decrease in December was largely attributed to a 23.5 percent plunge in energy costs amid a continued plunge in electricity costs.
Prices for intermediate goods were 3.7 percent lower compared to last year, primarily due to price reductions in metals and chemical raw materials.
Meanwhile, costs for consumer goods rose 3.2 percent amid higher food prices.
On a monthly basis, producer prices dropped 1.2 percent in December versus a 0.5 percent decrease a month ago. The expected fall was 0.5 percent.
During the whole year 2023, average producer prices declined by 2.4 percent compared to 2022. Excluding energy, producer prices increased by 3.6 percent.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
