Germany’s wholesale prices continued to decline in October, though at a slower pace than in the prior month, figures from Destatis showed Wednesday.
The wholesale price index fell 1.6 percent year-over-year in October, slower than the 1.8 percent decrease in September. The index has been falling since July 2013.
The annual decline was largely caused by a 17.8 percent slump in prices for ores, metals and metal ores.
On a monthly basis, wholesale prices slipped at a slower pace of 0.4 percent in October, following a 0.6 percent fall in the previous month. It was the third successive monthly drop.
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