Germany’s producer prices declined by 2.5% year-on-year in December, the Federal Statistics Office reported on Tuesday, broadly in line with analysts’ forecasts.
Economists surveyed by Reuters had anticipated a slightly smaller drop of 2.4%. The figures reflect ongoing price pressures in Germany’s industrial sector as energy costs and supply chain disruptions continue to influence production expenses.
The Federal Statistics Office has released more detailed data on its website, providing a deeper look at sector-specific price movements. Photo by Ximeg, Wikimedia commons.