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Germany's producer prices fell 1.7% yearly in September, driven by lower energy costs, signaling ongoing deflationary pressures.
Germany's producer prices fell 1.7% year-on-year in September, a slower decline from August's 2.2%, driven by a 7.3% drop in energy costs, particularly natural gas.
Excluding energy, prices rose 0.9% annually but held steady from August.
Monthly, prices dipped 0.1%, slightly better than August’s 0.5% drop but below the expected rise.
Capital goods, non-durable, and durable consumer goods prices increased, while intermediate goods fell.
The data reflects ongoing deflationary pressures in Germany’s industrial sector, fueling concerns about economic stagnation.
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Los precios al productor de Alemania cayeron un 1,7% anual en septiembre, impulsados por la reducción de los costes energéticos, lo que indica la persistencia de las presiones deflacionarias.