Germany’s producer prices dropped at a slower pace at the end of the year, Destatis reported Wednesday.
Producer prices fell 2.3 percent year-on-year in December, slower than the 2.5 percent decrease seen in November.
But it was slightly faster than the expected rise of 2.2 percent. Producer prices have been falling since August 2013.
Energy prices were 6.8 percent low compared with last December and prices of intermediate goods fell 2.2 percent. Meanwhile, prices of consumer non-durable goods increased by 0.2 percent.
Month-on-month, producer prices slid 0.5 percent after easing 0.2 percent in November and 0.4 percent in October.
In 2015, producer prices decreased 1.8 percent on an annual average compared to a 1 percent drop in 2014.
The material has been provided by InstaForex Company – www.instaforex.com