Germany’s wholesale prices continued to fall in December but the pace of decline slowed further, Destatis reported Thursday.
Wholesale prices decreased 1 percent year-on-year in December, slower than the 1.1 percent drop seen in November. Nonetheless, the index has been falling since July 2013.
A sharp 11.7 percent decline in solid fuels and related product prices contributed to the annual fall in December.
Month-on-month, wholesale prices dropped 0.8 percent following November’s 0.2 percent fall. A similar rate of decline was last seen in August.
In 2015, wholesale prices slid 1.2 percent, the same rate of decrease was seen in 2014.
The material has been provided by InstaForex Company – www.instaforex.com