Germany's producer prices slowed their decline in June, with a 1.6% annual decrease; energy prices fell 5.9%, but excluding energy, prices rose 0.3% YoY.
Germany's producer prices slowed their decline in June, with a 1.6% annual decrease (vs. 2.2% in May). Energy prices, down 5.9%, drove the overall decrease; however, excluding energy, prices rose 0.3% YoY (capital goods +2.3%, consumer goods +0.6%). Monthly, producer prices increased 0.2%, with intermediate goods, capital goods, and consumer goods all showing growth.
July 19, 2024
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