Germany’s producer prices declined as expected in June, figures from Destatis showed Monday.
Producer prices fell 1.4 percent year-over-year in June, in line with expectations, slightly faster than prior month’s 1.3 percent decline. Producer prices have been falling since August 2013.
Excluding energy, producer prices dropped 0.2 percent in June from a year ago, while it increased 0.1 percent from the previous month.
Energy prices alone dipped 4.4 percent annually in June, largely influenced by the cheaper prices of petroleum products that plunged by 12.4 percent.
Prices in the consumer goods sector slid 1.5 percent in June and that for intermediate goods sector went down by 0.4 percent. At the same time, capital goods sector registered an increase of 0.7 percent.
On a monthly basis, producer prices edged down 0.1 percent in June, after staying flat in the preceding month. It was the first decrease in five months.
The material has been provided by InstaForex Company – www.instaforex.com