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German producer prices fell 2.2% year-on-year in August, driven by lower energy costs.
German producer prices fell 2.2% year-on-year in August, the sixth straight monthly decline, exceeding expectations of a 1.7% to 1.8% drop, with lower energy prices driving the decrease.
Prices for energy and intermediate goods dropped 8.5% and 1.0%, respectively, while non-durable, investment, and durable goods prices rose.
Excluding energy, producer prices increased 0.8%.
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Los precios de producción alemanes cayeron un 2,2% interanual en agosto, impulsados por menores costos de la energía.