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Germany November PPI -3.9% vs -2.5% m/m expected
- Prior -4.2%
- PPI +28.2% vs +30.6% y/y expected
- Prior +34.5%
German producer prices fell by more than estimated last month, mainly due to a decline in energy prices (which fell by 9.6%). A slight negative to the report though is that there is growth seen in prices of non-durable consumer goods (+0.2%), mainly due to increasing food prices.
This article was written by Justin Low at www.forexlive.com... Read More Posted: Dec 20 2022, 07:00
Author Name: forexlive
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